{"id":92702,"date":"2018-06-28T11:51:44","date_gmt":"2018-06-28T04:51:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-to-release-14-sites-yielding-a-total-of-8040-homes\/"},"modified":"2018-06-28T12:04:12","modified_gmt":"2018-06-28T05:04:12","slug":"govt-to-release-14-sites-yielding-a-total-of-8040-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-to-release-14-sites-yielding-a-total-of-8040-homes\/","title":{"rendered":"Govt to release 14 sites yielding a total of 8,040 homes"},"content":{"rendered":"


\n\u00a0
\nThe Urban Redevelopment Authority said on Wednesday (27 June) that it intends to release six confirmed list sites and nine reserve list sites under the second half 2018 Government Land Sales (GLS) programme. These sites could yield up to 8,040 private homes, including 1,210 executive condominiums (ECs).
\nSpecifically, the confirmed list sites could contribute about 2,705 private units, including a 2.49ha plot at Tampines Avenue 10 that can yield 695 EC units. There is also a 3.82ha white site in Pasir Ris Central, which may generate 535 units.
\nMore: Report: Average Home Prices In Singapore Could Rise By 17% Over 2018-2021
\nThe EC plot and the white site will be launched for sale in August and October respectively.
\nThe government will also launch the tender for three private residential sites \u2013 a 1.16ha plot in Kampong Java Road (435 units), a 1.62ha site at Sims Drive (650 units) and a 0.78ha land parcel at Middle Road (390 units). The first site will be offered for sale in October, while the other two tenders will be held in November.
\n\u201cAll are well located and likely to attract strong interest from developers,\u201d said OrangeTee & Tie.
\nFor instance, the Kampong Java Road plot is located in District 9 just opposite Newton MRT station and on the outskirts of Orchard Road. Sims Drive is near Aljunied MRT station and Paya Lebar Central, while Middle Road is close to Bugis MRT station, Bugis Junction and Suntec City.
\nThe property firm expects the Kampong Java Road plot to be sold for $1,400 to $1,600 psf ppr, Sims Drive could fetch $1,000 to $1,100 psf ppr, while Middle is projected to be popular as well.
\nAccording to property consultancy JLL, the three private residential plots and the white site will house private dwellings totalling 2,010 units (excluding ECs), down 14 percent from the 2,325 units supplied by five private residential sites under the 1H 2018 confirmed list.
\n\u201cThe moderation is probably due to concerns of oversupplying the market since the buoyant collective sales market is generating the bulk of future supply.\u201d
\nIn fact, land sold by the government from the second half of 2016 to the first six months of this year will only account for 30 percent of residential units to be developed compared to 70 percent for en bloc sites.
\nIt said the focus of the 2H 2018 residential GLS seems to be the Core Central Region (CCR), where 79 percent of the collective sales have occurred so far this year.
\nKampong Java Road and Middle Road are both in CCR and Sims Drive is situated at Rest of Central Region (RCR). Although there were no private residential sites in Outside Central Region (OCR) under the confirmed list, the white site at Pasir Ris will yield private residential units.
\n\u201cAlthough the three GLS sites could help to meet demand from developers, it is uncertain as to whether they will mitigate optimistic land prices. They are also unlikely to dilute demand for collective sale sites, especially those in the prime districts for which there is keen interest,\u201d added JLL.
\nAs for the nine reserve list sites, these comprise one EC plot, two white sites and six land parcels for private residences. Overall, these will yield approximately 5,335 private units, including 515 ECs.
\nMeanwhile, the confirmed list sites can generate 42,000 sq m of commercial space, while the reserved list can yield 82,000 sq m. These include a 4.2ha confirmed list plot in Club Street yielding 390 hotel rooms, while a reserve list site in Marina View can provide 540 hotel rooms.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Govt to release 14 sites yielding a total of 8,040 homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 The Urban Redevelopment Authority said on Wednesday (27 June) that it intends to release...<\/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-92702","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-o7c","jetpack-related-posts":[{"id":92777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-sites-totalling-1920-homes-released\/","url_meta":{"origin":92702,"position":0},"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. One is a 153,223.19 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-trims-land-sales-amid-large-supply-softer-demand\/","url_meta":{"origin":92702,"position":1},"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":[]},{"id":38280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-confirmed-list-sites-to-launch-in-1h-2017-could-yield-2330-units\/","url_meta":{"origin":92702,"position":2},"title":"5 confirmed list sites to launch in 1H 2017, could yield 2,330 units","date":"December 16, 2016","format":false,"excerpt":"\r The government will look to ensure there is a steady supply of new homes to meet the needs of Singaporeans. The Ministry of National Development (MND) announced on Friday (16 December) that there will be five confirmed list sites and 10 on the reserve list in the first half\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-releases-gls-residential-sites-for-1h-2020\/","url_meta":{"origin":92702,"position":3},"title":"Government releases GLS residential sites for 1H 2020","date":"December 5, 2019","format":false,"excerpt":"\r The Ministry of National Development (MND) announced on 3 December it will release three confirmed\u00a0sites for private residential developments in the 1H 2020 Government Land Sales (GLS) programme. The 1H 2020 sites will yield a combined 1,775 units. While the number of sites and units released\u00a0is lower\u00a0than the\u00a0five confirmed\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":92702,"position":4},"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":117312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-cuts-confirmed-lists-sites-due-to-covid-19\/","url_meta":{"origin":92702,"position":5},"title":"Government cuts confirmed lists sites due to COVID-19","date":"June 24, 2020","format":false,"excerpt":"\r The Confirmed List includes one executive condominium (EC) site at Tengah Garden Walk that can yield 615 units. The supply of private housing units from the Confirmed List sites under the Government Land Sales (GLS) Programme for the second half of 2020 has been reduced to take into account\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\/92702"}],"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=92702"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/92702\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=92702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=92702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=92702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}