Tag Archives: Urban Redevelopment Authority

URA puts up 3 residential sites for sale

Posted on 26 Apr 2011 | Comments Off on URA puts up 3 residential sites for sale

The Urban Redevelopment Authority (URA) has released three residential sites for sale on Tuesday.

The two land parcels at Flora Drive and Woodlands Avenue 2 are launched for sale under the Confirmed List of the 1st half 2011 Government Land Sales Programme.

Potentially yielding about 380 housing units, the site at Flora Drive is located in a residential estate in Pasir Ris.

With a site area of about 2.68 hectares, it has a maximum permissible gross floor area of over 37 thousand and 5 hundred (eds: 37,545) square metres.

The second site is located at Woodlands Avenue 2 and Rosewood Drive.

The land parcel can potentially yield about 390 housing units.

The site, with an area of about 2.74 hectares, is near the Republic Polytechnic and Singapore American School.

It has a maximum permissible gross floor area of over 38 thousand (eds: 38,333) square metres.

In addition, the third site at Hillview Avenue is placed under the Reserve List for application for sale.

Potentially yielding about 405 housing units, it has a site area of about 1.26 hectares and a maximum permissible gross floor area of 35,416 square metres.

It’s located near the future Cashew and Hillview MRT Stations, which are part of the future Downtown Line 2 Mass Rapid Transit system scheduled for completion in 2015.

Earlier this month, the Housing & Development Board has also released a private residential site at Sengkang Square and Compassvale Drive for sale through the Reserve List.

Together, these four residential sites can potentially yield about 1,885 housing units, offering developers and home-buyers with more choice.

Source : CNA – 26 Apr 2011

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Private home prices rose 2.2% in Q1

Posted on 25 Apr 2011 | Comments Off on Private home prices rose 2.2% in Q1

Singapore’s private home prices moderated again in the first quarter of this year, growing 2.2 per cent compared with 2.7 per cent in the previous quarter.

This is the sixth straight quarter in which growth in private home prices has slowed down.

Final data released on Monday by the Urban Redevelopment Authority (URA) also showed that prices of non-landed residential properties rose 1.7 per cent in the first quarter.

This was slightly lower when compared with the 1.8 per cent increase in the previous quarter.

As for landed homes, URA said prices increased by 3.9 per cent, down from 5.5 per cent in the previous quarter.

Meanwhile, rentals of private residential properties in the first quarter has increased by 1.2 per cent.

Rentals for industrial properties rose 6.3 per cent, followed by office space rentals up by 5.4 per cent and shop rentals which edged up 0.8 per cent.

Source : CNA – 25 Apr 2011

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Posted in Property Market / Real Estate

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