{"id":108520,"date":"2019-06-28T11:04:39","date_gmt":"2019-06-28T04:04:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-3-residential-sites-under-1h2019-gls-programme\/"},"modified":"2019-06-28T11:47:36","modified_gmt":"2019-06-28T04:47:36","slug":"ura-launches-3-residential-sites-under-1h2019-gls-programme","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-3-residential-sites-under-1h2019-gls-programme\/","title":{"rendered":"URA launches 3 residential sites under 1H2019 GLS Programme"},"content":{"rendered":"


\nThe Urban Redevelopment Authority (URA) on Thursday (27 June) released two housing sites and one residential with commercial at first storey site for sale under the first half 2019 Government Land Sales (GLS) Programme.
\nTogether, the three sites are expected to yield around 1,545 residential units.
\nLaunched for sale under the confirmed list, the residential with commercial at first storey site at one-north Gateway has an area of 5,778.7 sq m and a maximum gross floor area (GFA) of 14,447 sq m.
\nThe height control for the first two stories is 23 m \u2013 25 m above mean sea level (AMSL), while the overall building height control stands at 61 m \u2013 87.5 m AMSL.
\nURA noted that the site\u2019s release is part of JTC\u2019s \u201ccontinued efforts to inject more residential spaces in the one-north estate to meet the housing needs and enhance the area as a vibrant mixed use business park\u201d.
\nTricia Song, head of research for Singapore at Colliers International, expects the site to appeal to niche developers.
\n\u201cWe expect a top bid of $155 million or $1,000 per sq ft per plot ratio (psf ppr), and the developer could look to sell at $1,600 psf, taking into account the minimum average unit size requirement of 85 sq m.\u201d
\nThe tender for the one-north Gateway site closes on 5 September.
\nMeanwhile, the residential sites at Hillview Rise and Dunman Road, which are located near Hillview and Dakota MRT stations respectively, are released under the reserve list.
\nThe 25,234.7 sq m site at Dunham Road has a maximum GFA of 88,322 sq m, while the 10,395.2 sq m site at Hillview Rise has a maximum GFA of 29,107 sq m.
\nOf the two reserve list sites, Song said the Dunham Road is the most attractive \u201cgiven its proximity to the Dakota MRT station, predominantly unblocked views of the East Coast and within minutes\u2019 drive to town\u201d. It is also close to good schools and the Sports Hub.
\n\u201cHowever, a concern could be its relatively larger size \u2013 1,040 buildable units.\u201d With this, she expects the site to appeal to larger developers or joint ventures, with a top bid of $1.1 billion or $1,160 psf ppr.
\nThe Hillview Rise site, on the other hand, is not expected to be triggered soon considering the ample supply as well as lukewarm response for some sites within the vicinity post-cooling measures.
\nSong revealed that the new Hillview Rise site is right across the plot of land that was awarded to Hong Leong Group under a concept-and-price dual envelop basis in July 2018 at $460 million or $1,068 psf ppr.
\n\u201cHong Leong Group\u2019s site named Midwood will house 564 units and could be launched soon. Nearby relatively newly completed and 99-year leasehold projects, Hillier (completed in 2016) and Kingsford Hillview Peak (completed in 2017) transacted at $1,380-1,480 psf in the year-to-date 2019,\u201d she added.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…URA launches 3 residential sites under 1H2019 GLS Programme<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Urban Redevelopment Authority (URA) on Thursday (27 June) released two housing sites and one...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-108520","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sek","jetpack-related-posts":[{"id":36332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-releases-two-residential-sites-for-sale\/","url_meta":{"origin":108520,"position":0},"title":"URA releases two residential sites for sale","date":"November 29, 2016","format":false,"excerpt":"\r One of the sites is on Perumal Road, which is near the popular Sutrdee Residences. Source: URA The Urban Redevelopment Authority (URA) released two 99-year leasehold sites for sale today,\u00a0under the 2nd Half 2016 Government Land Sales (GLS) Programme. One of the sites is situated on Perumal Road, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105643,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tan-quee-lan-site-to-be-hotly-contested\/","url_meta":{"origin":108520,"position":1},"title":"Tan Quee Lan site to be hotly contested","date":"April 1, 2019","format":false,"excerpt":"\r Located in the heart of Bugis, the 99-year leasehold site is expected to yield up to 580 housing units. An 11,530.9 sq m site at Tan Quee Lan Street was launched for sale on Friday (29 Mar) under the confirmed list of the first half 2019 Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-residential-sites-at-lentor-hills-road-jalan-tembusu-released-for-sale\/","url_meta":{"origin":108520,"position":2},"title":"Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale","date":"October 1, 2021","format":false,"excerpt":"\r Three residential sites at Lentor Hills Road, Jalan Tembusu released for saleThree residential sites located at Lentor Hills Road (Parcels A and B) and Jalan Tembusu have been released for sale under the second half 2021 Government Land Sales (GLS) programme, revealed the Urban Redevelopment Authority (URA) on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/lentor-gls-1-oct.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":107640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-bernam-street-site-for-sale\/","url_meta":{"origin":108520,"position":3},"title":"URA launches Bernam Street site for sale","date":"May 31, 2019","format":false,"excerpt":"\r With an area of 3,846.2 sq m, the 99-year leasehold site has a maximum gross floor area of 28,001 sq m.\u00a0 A residential with commercial at first storey site at Bernam Street was launched for sale on Thursday (30 May) under the confirmed list of the first half 2019\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73405,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-releases-four-sites-for-sale\/","url_meta":{"origin":108520,"position":4},"title":"URA releases four sites for sale","date":"December 1, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the first sale site at Holland Village Extension. (Photo: URA) The Urban Redevelopment Authority (URA) has released four sites \u2013 which can potentially yield around 1,720 residential units \u2013 for sale on Thursday (30 November) under the second half 2017 Government Land Sales (GLS) programme. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75423,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-tenders-for-sengkang-central-hillview-rise-sites\/","url_meta":{"origin":108520,"position":5},"title":"URA launches tenders for Sengkang Central, Hillview Rise sites","date":"December 29, 2017","format":false,"excerpt":"\r Aerialview of Hillview Rise site. (Photo: URA) The Urban Redevelopment Authority (URA) has launched two sites at Sengkang Central and Hillview Rise for sale by public tender, with the bids to be evaluated under a concept and price revenue tender system. The sites, which come under the confirmed list\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108520"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=108520"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}