A private housing site in Fernvale Road has attracted strong interest from developers, with Sing Development and Wee Hur Development jointly submitting the top bid of S$287.1 million in a closely-fought tender. The site location is less than 100 metres from Thanggam LRT Station and is expected to yield 605 new residential homes. Following the strong sales of nearby High Park Residences, Fernvale Road Sing Development is expecting strong sales from the spillover effect.
Fernvale Road is also conveniently linked to rest of Singapore via Tampines Expressway (TPE) and Central Expressway (CTE). There are also shops and eateries at the Jalan Kayu Identity Node and The Seletar Mall. With many schools located nearby, the development is also convenient for families with school-going children. Future residents can also enjoy a variety of sports and recreational facilities at Sengkang Riverside Park, and Sengkang Sports and Recreational Centre.
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The gaps between the top bids for a Fernvale Road site were likely the closest for any Government Land Sales (GLS) tender, thanks to fierce competition by 14 developers for the land.
The battle for the 99-year leasehold plot was so intense that bids easily exceeded market expectations, but it is the closeness of the offers that caught analysts’ eyes. Continue reading
Property analysts expect two out of the four confirmed list sites launched under the second half 2016 Government Land Sales (GLS) Programme to attract strong interest from developers.
These include a residential site at Perumal Road in Farrer Park which could yield around 200 units, and a mixed-use site in Upper Serangoon Road which could generate about 825 apartments and 15,000 sq m of commercial space. Continue reading
SINGAPORE – The Government on Wednesday (June 8) announced the second half of 2016 Government Land Sales (GLS) Programme, which comprises four Confirmed List sites and 11 Reserve List sites.
These sites can yield up to 7,550 private residential units and 277,100 square metres (sqm) gross floor area (GFA) of commercial space. Continue reading