{"id":54020,"date":"2017-05-08T09:25:25","date_gmt":"2017-05-08T02:25:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-expect-more-homes-as-sites-revert-back-to-the-state\/"},"modified":"2017-05-08T09:49:10","modified_gmt":"2017-05-08T02:49:10","slug":"analysts-expect-more-homes-as-sites-revert-back-to-the-state","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-expect-more-homes-as-sites-revert-back-to-the-state\/","title":{"rendered":"Analysts expect more homes as sites revert back to the state"},"content":{"rendered":"


\nWith sites earmarked for residential use returned to the government or placed temporarily for alternative uses, analysts expect to see more homes in sought after areas such as Paterson Road and Tanglin Road in the city, reported The Straits Times.
\nNotable sites include the former Overseas Family School plot in Paterson Road and the former Ministry of Home Affairs Phoenix Park site in Tanglin Road.
\nJLL expects the 25F Paterson Road site to yield 450 to 700 homes with an average size of 100 sq m, based on the location\u2019s two current plot ratio guidelines of 2.8 and 4.9.
\nColliers Singapore estimates that 850 to 1,100 homes of 800 sq ft to 1,000 sq ft on average could be built on the Phoenix Park site based on its current plot ratio of 1.4.
\nWhile development sites in these areas would excite developers, analysts do not expect the government to put them on the market any time soon.
\n\u201cI don\u2019t think there\u2019s any hurry to sell the sites. It\u2019s probably going to be five to 10 years down the road. Land bidding is so hot, they would just be adding fuel to the fire,\u201d explained Nicholas Mak, executive director of SLP International Property Consultants.
\nMeanwhile, potential development sites could also rise outside the city area, with the return of the Henderson Secondary and Bedok Town Secondary sites to the government.
\n\u201cThe former Henderson and Bedok Town secondary schools will be suitable for Housing Board flats, as the Government intends to introduce more flats in mature estates for buyers who wish to live closer to their parents,\u201d said Cushman & Wakefield research director Christine Li.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Analysts expect more homes as sites revert back to the state<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With sites earmarked for residential use returned to the government or placed temporarily for alternative...<\/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-54020","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-e3i","jetpack-related-posts":[{"id":101956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bugis-gls-sites-expected-to-be-strongly-contested\/","url_meta":{"origin":54020,"position":0},"title":"Bugis GLS sites expected to be strongly contested","date":"December 3, 2018","format":false,"excerpt":"\r Aerial view of the land parcel at Middle Road. Source: URA The Urban Redevelopment Authority (URA) launched two confirmed list sites and another two reserve list plots for sale last Friday (30 Nov) under the second half 2018 Government Land Sales (GLS) programme. Overall, these four sites can yield\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-sites-totalling-1920-homes-released\/","url_meta":{"origin":54020,"position":1},"title":"Four sites totalling 1,920 homes released","date":"June 29, 2018","format":false,"excerpt":"\r View of the residential site in Clementi Avenue 1. (Photo: URA) The Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) on Thursday (28 June) launched two confirmed list sites for sale under the second half 2018 Government Land Sales (GLS) programme. 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