{"id":64372,"date":"2017-08-23T11:20:04","date_gmt":"2017-08-23T04:20:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-to-focus-on-smaller-sites\/"},"modified":"2017-08-23T11:21:07","modified_gmt":"2017-08-23T04:21:07","slug":"developers-to-focus-on-smaller-sites","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-to-focus-on-smaller-sites\/","title":{"rendered":"Developers to focus on smaller sites"},"content":{"rendered":"


\n\u00a0
\nWhile homes sales have been on the uptrend, some developers are expected to focus on smaller residential developments at the H2 2017 Government Land Sales (GLS), revealed an Edmund Tie & Company report.
\nThis comes as developers try to mitigate the risk of incurring Additional Buyers Stamp Duties (ABSD), given that the external environment remains unstable.
\nSEE ALSO:\u00a0Property market upturn on the horizon
\nThe H2 GLS programme has four land parcels that offer less than 200 units each and about six land parcels offering at least 700 units each.
\nCiting the Urban Redevelopment Authority (URA), Edmund Tie & Company said around 2,035 private non-landed residential developments in Singapore have less than 200 units, while a mere 274 non-landed residential developments feature more than 300 units.
\n\u201cSmaller developments are less risky to the developers given the uncertain external environment and the \u201cfive-year time period\u201d stipulated under the ABSD to sell all units of the development,\u201d said the report.
\nBuyers acquiring for investment, on the other hand, will face less competition in leasing their project upon completion.
\nSmaller developments also provide new-to-market developers a platform to showcase their products. With fewer residents sharing the facilities, the project becomes more exclusive.
\nHowever, economies of scale are harder to achieve in smaller projects, said Edmund Tie & Company.
\nWith higher site coverage ratio, larger projects allow developers to introduce new concepts and offer a greater mix of units to lure buyers.
\nMeanwhile, buyers purchasing units in bigger projects can \u201cenjoy more facilities and amenities in the development while paying a lower maintenance fee due to a larger resident base\u201d.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Developers to focus on smaller sites<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 While homes sales have been on the uptrend, some developers are expected to focus...<\/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-64372","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-gKg","jetpack-related-posts":[{"id":35282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-caution-exercised-in-bidding-activity\/","url_meta":{"origin":64372,"position":0},"title":"More caution exercised in bidding activity","date":"November 22, 2016","format":false,"excerpt":"\r Developers have shifted their focus to the private market, with Roxy-Pacific signing a $33.25 million deal for Harbour View Gardens. (Photo: Colliers International) Edmund Tie & Co believes property developers are becoming more cautious with bidding in government land sales (GLS) exercises, resulting in the clustering of bids within\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-unveils-land-sales-programme-for-h1-2018\/","url_meta":{"origin":64372,"position":1},"title":"Govt unveils land sales programme for H1 2018","date":"December 14, 2017","format":false,"excerpt":"\r Six confirmed list and nine reserve list sites will be launched under the H1 2018 Government Land Sales (GLS) programme, announced the Urban Redevelopment Authority (URA) on Wednesday (13 December). These land parcels could potentially yield approximately 8,045 private homes and 63,960 sq m in gross floor area (GFA)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74508,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-unveils-gls-programme-for-1h-2018\/","url_meta":{"origin":64372,"position":2},"title":"Gov\u2019t unveils GLS Programme for 1H 2018","date":"December 14, 2017","format":false,"excerpt":"\r Six confirmed list sites and nine reserve list plots will be launched under the 1H 2018 Government Land Sales (GLS) Programme, announced the Urban Redevelopment Authority on Wednesday (13 December 2017). These land parcels can potentially yield a total of around 8,045 private dwellings and 63,960 sq m in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75055,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-market-looking-up-for-2018\/","url_meta":{"origin":64372,"position":3},"title":"Singapore property market looking up for 2018","date":"December 21, 2017","format":false,"excerpt":"\r \u00a0Luxury apartments in Singapore.\u00a0\u00a0\u00a0 Given the higher land prices and anticipated market recovery, new private home prices will likely be higher in 2018. By Elizabeth Choong The private residential market is widely expected to perform better in\u00a02018\u00a0due to improved consumer sentiments. According to\u00a0PropertyGuru\u2019s\u00a0latest Consumer Sentiment Survey,\u00a0many\u00a0potential buyers are looking\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/12\/Guru-View-1024x281.jpg?fit=1024%2C281&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-pine-grove-sites-released-for-sale\/","url_meta":{"origin":64372,"position":4},"title":"Two Pine Grove sites released for sale","date":"December 1, 2021","format":false,"excerpt":"\r The two Pine Grove sites can potentially yield up to 1,085 units\u00a0altogether. Source: URA Two residential sites at Pine Grove (Parcels A and B) that can jointly yield up to 1,085 units have been released for sale under the reserve list of the second half 2021 Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/PINE-GROVE-URA.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-trims-land-sales-amid-large-supply-softer-demand\/","url_meta":{"origin":64372,"position":5},"title":"Govt trims land sales amid large supply, softer demand","date":"December 7, 2018","format":false,"excerpt":"\r The upcoming supply is nearly 20 percent lower than the over 8,000 units provided in the second half of 2018.\u00a0 The government revealed last week that it will release five confirmed list sites and nine reserve list sites for sale under the first half 2019 Government Land Sales (GLS)\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\/64372"}],"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=64372"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/64372\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=64372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=64372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=64372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}