No change in land supply for private homes in first-half 2018

SINGAPORE – The Government has decided to keep the total supply of land for private residential development for the first half of next year at about the same level as that for the current second half 2017 slate, citing among other factors, sufficient supply from the redevelopment of collective sale sites being generated from the private sector.

The Ministry of National Development (MND) said on Wednesday (Dec 13) morning that under its first half 2018 Government Land Sales (GLS) Programme, it will be offering land that can potentially yield about 8,045 private homes (including executive condominium or EC units) and 63,960 sq m gross floor area (GFA) of commercial space.

This is compared with the 8,125 private residential units (including EC units) and 83,590 sq m GFA of commercial space on both confirmed and reserve lists in the current second half 2017 slate. Continue reading

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Fierce bidding expected for EC site in Punggol

A fierce bidding war is expected for an executive condominium (EC) site in Punggol that was released for sale yesterday.

A dozen or more developers could enter the race for the 99-year leasehold plot in Sumang Walk, which was released for sale under the second-half 2017 Government Land Sales (GLS) programme.

The site could yield 820 homes, the Housing Board said. Continue reading

FCL makes $955.4m bid for ex-Zouk site

Frasers Centrepoint Limited (FCL) trumped nine other bidders with an offer of $955.4 million for a residential plot in Jiak Kim Street, the former site of popular nightspot Zouk.

And Allgreen Holdings emerged top among seven bidders for a residential parcel in Fourth Avenue, lodging a tender of $552.96 million.

The two 99-year leasehold sites were on the Reserve List of the Government Land Sales programme and were triggered for public tender after minimum acceptable bids were made. Continue reading

Plum Holland Road land site put up for tender

A commercial and residential site in Holland Road was put up for sale yesterday under a dual-envelope concept and price tender that will close on March 20.

Located near Holland Village MRT station, the site can have a maximum gross floor area of 59,715 sq m, of which, up to 13,500 sq m can be for retail use. The Urban Redevelopment Authority (URA) has set a cap of 570 residential units for the project.

A private housing site in Handy Road that can yield about 130 residential units was also launched for tender in October. Continue reading

Sale of Fourth Avenue site is triggered by minimum bid of $448.8m

SINGAPORE – A residential site at Fourth Avenue under the reserve list of the first-half 2017 Government Land Sales (GLS) programme was launched for sale by public tender on Thursday (Nov 2), the Urban Redevelopment Authority (URA) announced.

The tender for the land parcel will close at noon on Dec 5, with a minimum bid price of S$448.8 million. As standard practice, the URA does not reveal the identity of the applicant who triggered the land sale.

Nestled in a mature private residential estate in Bukit Timah, the site can build an estimated 455 housing units and has a land area of about 1.9 hectares with a maximum permissible gross floor area of 33,358 square metres. Continue reading

URA releases residential sites at Cuscaden Road, Chong Kuo Road

SINGAPORE – The Urban Redevelopment Authority (URA) released two residential sites for sale on Tuesday (Oct 31), one of which is a reserve list parcel, that can together yield another 250 new homes.

A 4,282.9 square metre site at Chong Kuo Road, off Sembawang Road, comes from the confirmed list of the Government Land Sales (GLS) Programme for the second half of 2017. It can accommodate 80 units in a 5-storey development with a maximum gross floor area (GFA) of 5,997 sq m.

A plum 5,722.6 sq m site at Cuscaden Road is available for application under the reserve list, which means its tender will be triggered when a developer submits an indicative bid which is acceptable. Continue reading