{"id":70174,"date":"2017-10-27T11:03:38","date_gmt":"2017-10-27T04:03:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/speculation-abounds-on-uras-request-for-collective-sale-details\/"},"modified":"2017-10-27T12:04:52","modified_gmt":"2017-10-27T05:04:52","slug":"speculation-abounds-on-uras-request-for-collective-sale-details","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/speculation-abounds-on-uras-request-for-collective-sale-details\/","title":{"rendered":"Speculation abounds on URA\u2019s request for collective sale details"},"content":{"rendered":"


\nThe property market is rife with speculation on why the Urban Redevelopment Authority (URA) is requiring property agents marketing en bloc sales to submit detailed information on the tender results, reported the Business Times.
\nOne camp believes URA will use the information gathered to craft the Government Land Sales (GLS) Programme for the first half of 2018 in order that it will be aligned with what is happening in the private sector land supply and eventually avoid an oversupply of private homes.
\n\u201cThis could reveal, for instance, how hungry developers are \u2013 whether it is just one or two bidders who are bidding bullishly or if the sentiment is shared by a bigger pool of players,\u201d said CBRE Research head of Singapore and South-east Asia Desmond Sim.
\n\u201cAs more en bloc sites are sold, the URA can track whether developers\u2019 appetite for land is starting to be satisfied, such as whether some of them stop participating in tenders after a while.\u201d
\n\u201cWith the data it gathers, the URA may also spatially plot where the highest demand for land is, so it can tailor the GLS supply to better suit the market\u2019s requirements.\u201d
\nAnother quarter believes the government is monitoring the en bloc sales sector, with a view to introducing cooling measures if the market gets out of control.
\nMeanwhile, the URA explained that the agency is \u201ccollecting relevant market data such as on en bloc sales for internal statistical purposes\u201d.
\nNotably, the URA is asking agents to submit information on bid prices as well as the bidders\u2019 name within two working days from the award of the site. In the event of a consortium, the agents are required to provide the name of all the members of the consortium. The names of all bidders should also be provided even when the site is not awarded.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Speculation abounds on URA\u2019s request for collective sale details<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The property market is rife with speculation on why the Urban Redevelopment Authority (URA) is...<\/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-70174","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-ifQ","jetpack-related-posts":[{"id":71711,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-must-now-study-traffic-impact-propose-car-lite-measures-for-en-bloc-sites\/","url_meta":{"origin":70174,"position":0},"title":"Developers must now study traffic impact, propose car-lite measures for en bloc sites","date":"November 14, 2017","format":false,"excerpt":"\r There has been an increase in applications from developers for more units to be built on en bloc sites, which could cause traffic problems in future. Residential and commercial en bloc redevelopment proposals must now include a pre-application feasibility study (PAFS) to assess traffic impact and recommend car-lite measures,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-may-be-used-for-integrated-development-says-ura\/","url_meta":{"origin":70174,"position":1},"title":"Golden Mile Complex may be used for integrated development, says URA","date":"January 9, 2019","format":false,"excerpt":"\r The iconic development has been put up for collective sale at $800 million. 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With the tightening of the occupancy cap for private homes from eight to six persons in 2017, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92943,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-in-singapore-up-7-4-in-first-half-of-2018-ura\/","url_meta":{"origin":70174,"position":3},"title":"Private home prices in Singapore up 7.4% in first half of 2018: URA","date":"July 2, 2018","format":false,"excerpt":"\r \u00a0 Private home prices in Singapore continued to grow in Q2 2018 with a 3.4 percent increase from the previous quarter, according to flash estimates of the Urban Redevelopment Authority\u2019s price index released on Monday (2 July). \u201cThis is the fourth consecutive quarter of increase in the URA Property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-news-roundup-may-2018\/","url_meta":{"origin":70174,"position":4},"title":"PropertyGuru News Roundup (May 2018)","date":"May 31, 2018","format":false,"excerpt":"\r Our top Singapore property stories. 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