{"id":82855,"date":"2018-03-16T15:40:50","date_gmt":"2018-03-16T08:40:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-two-sites-at-mattar-road-and-silat-avenue-could-yield-1375-homes\/"},"modified":"2018-03-16T16:02:57","modified_gmt":"2018-03-16T09:02:57","slug":"ura-launches-two-sites-at-mattar-road-and-silat-avenue-could-yield-1375-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-two-sites-at-mattar-road-and-silat-avenue-could-yield-1375-homes\/","title":{"rendered":"URA launches two sites at Mattar Road and Silat Avenue, could yield 1,375 homes"},"content":{"rendered":"


\nAerial view of the sale site at Silat Avenue. Source: URA
\nThe Urban Redevelopment Authority (URA) launched two residential sites at Mattar Road and Silat Avenue for sale on Friday (16 Mar) under the confirmed list of the first half 2018 Government Land Sales programme.
\nThe two 99-year leasehold sites are expected to yield about 1,375 units.
\nThe 245,973 sq ft Silat Avenue site could yield up to 1,125 housing units and is located next to the 24km-long Rail Corridor.
\nIt is close to the city centre as well as commercial amenities such as Harbourfront and Vivocity. Public transport options include the nearby Outram interchange and future Cantonment MRT station.
\n\u201cThere is opportunity to capitalise on the mature, lush greenery and recreational offering of the Rail Corridor to create a unique and differentiated development that innovatively and sensitively integrates greenery with high-rise living,\u201d said URA.
\nThe land parcel includes five conserved blocks of Singapore Improvement Trust flats built from the 1940s to 1950s, which will be adapted and reused to serve residents.
\nDr Lee Nai Jia, head of research at Edmund Tie & Co, reckons the future development will attract a mix of buyers and investors, including medical professionals from the nearby Singapore General Hospital and National Heart Centre.
\nHe forecasts about eight to 10 bidders for the site, with a winning bid of around $1,300 to $1,400 psf per plot ratio (psf ppr).
\nMeanwhile, the smaller Mattar Road site measures about 67,061 sq ft and is near Mattar MRT station on the Downtown Line. It could yield some 250 homes.
\nThe site is also within proximity to the future Paya Lebar Quarter, a mixed-use development opening in a few years.
\n\u201cThe future development will attract upgraders or families living in the surrounding HDB estates, as well as homeowners downsizing from landed homes in the area,\u201d said Lee.
\nHe added that the site is likely to attract eight to 12 bidders with the projected winning bid of around $1,100 psf ppr.
\nURA said the tender for both sites will close on 26 April.
\n\u00a0
\nRomesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…URA launches two sites at Mattar Road and Silat Avenue, could yield 1,375 homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aerial view of the sale site at Silat Avenue. Source: URA The Urban Redevelopment Authority...<\/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-82855","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-lyn","jetpack-related-posts":[{"id":88636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-tenders-for-three-gls-sites\/","url_meta":{"origin":82855,"position":0},"title":"URA awards tenders for three GLS sites","date":"May 18, 2018","format":false,"excerpt":"\r Map showing the location of the Cuscaden Road site. Source: URA The tenders for three sites at Cuscaden Road, Mattar Road and Silat Avenue have been awarded to the highest bidders, or in the case of Silat Avenue, its sole bidder, the Urban Redevelopment Authority said on Thursday (17\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81271,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-launches-prime-site-at-cuscaden-road-for-sale\/","url_meta":{"origin":82855,"position":1},"title":"URA launches prime site at Cuscaden Road for sale","date":"February 28, 2018","format":false,"excerpt":"\r Map showing the location of the Cuscaden Road site. Source: URA A plum residential site at Cuscaden Road in the Orchard area was launched for sale on Tuesday (27 Feb) under the confirmed list of the first half 2018 Government Land Sales (GLS) Programme, said the Urban Redevelopment Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/02\/Land-parcel-at-Cuscaden-Road.jpg?fit=794%2C436&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":83221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/holland-road-site-attracts-15-bids\/","url_meta":{"origin":82855,"position":2},"title":"Holland Road site attracts 15 bids","date":"March 20, 2018","format":false,"excerpt":"\r Map showing the location of the land parcel at Holland Road. Source: URA The tender for a plum commercial and residential site at Holland Road closed on Tuesday (20 Mar) after attracting strong interest from developers. A total of 15 bids were submitted for the approximately 247,214 sq ft\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":82855,"position":3},"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":82855,"position":4},"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":86625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cuscaden-road-site-sets-new-gls-record-of-2377-psf-ppr\/","url_meta":{"origin":82855,"position":5},"title":"Cuscaden Road site sets new GLS record of $2,377 psf ppr","date":"April 27, 2018","format":false,"excerpt":"\r Location map of the Cuscaden Road site. (Photo: URA) The tender exercises for three residential sites closed on Wednesday (26 Apr) with relatively bullish bidding from developers, with the top bid for the Cuscaden Road site setting a new benchmark for a 99-year leasehold site. 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