{"id":92777,"date":"2018-06-29T11:32:38","date_gmt":"2018-06-29T04:32:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-sites-totalling-1920-homes-released\/"},"modified":"2018-06-29T12:03:19","modified_gmt":"2018-06-29T05:03:19","slug":"four-sites-totalling-1920-homes-released","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-sites-totalling-1920-homes-released\/","title":{"rendered":"Four sites totalling 1,920 homes released"},"content":{"rendered":"


\nView of the residential site in Clementi Avenue 1. (Photo: URA)
\nThe 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.
\nOne is a 153,223.19 sq ft private residential plot in Jalan Jurong Kechil with a gross floor area (GFA) of 214,513.97 sq ft that could yield about 280 units.
\nMore: Govt To Release 14 Sites Yielding A Total Of 8,040 Homes
\nThe other is a 194,187.4 sq ft plot in Canberra Link intended for an executive condominium (EC). It has a GFA of 485,468.51 sq ft and could generate some 450 units.
\nThe tender exercises for both 99-year leasehold sites will close on 4 September.
\nMeanwhile, two reserve list sites with the same leasehold tenures have been made available for application. These can be triggered for sale if a bidder commits to pay an acceptable amount to the government.
\nOne is a 178,074.9 sq ft private residential plot in Clementi Avenue 1 with a GFA of 623,262.7 sq ft. The winning developer buyer can develop up to 640 units on the site.
\nThe other is a 184,461.13 sq ft EC site in Anchorvale Crescent with a GFA of 553,383.4 sq ft that can provide up to 550 homes.
\nOf these four sites, the Canberra Link and Clementi Avenue sites are expected to be more attractive to developers, said Huttons Asia.
\nThe first is a short walk from the upcoming Canberra MRT station \u2013 a key selling point as there are not many EC sites within walking distance to such public transport.
\n\u201cFurthermore, there is strong demand for ECs. The estimated number of unsold EC units as of 28 June 2018 is around 40. The one and only EC launch in 2018, Rivercove Residences is almost sold-out. With no new launch of EC projects this year, interested buyers will either have to make their choice among the unsold units or wait for the Sumang Walk EC in 2019,\u201d noted Huttons.
\nGiven the low supply of EC units and the robust demand for these properties, the top bid could reach between $450 and $500 psf per plot ratio (psf ppr).
\nAs for the Clementi site, the property agency thinks it could be triggered for sale within the next few months, attracting top bids of $950 to $1,050 psf ppr.
\nThis is because the plot is strategically located in a mature estate close to many amenities and good schools. In fact, The Clement Canopy condominium in the vicinity is nearly sold out since it launched in February 2017, Huttons added.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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…Four sites totalling 1,920 homes released<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of the residential site in Clementi Avenue 1. (Photo: 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-92777","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-o8p","jetpack-related-posts":[{"id":79272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-awards-3-housing-sites-for-728-55m\/","url_meta":{"origin":92777,"position":0},"title":"URA awards 3 housing sites for $728.55m","date":"February 8, 2018","format":false,"excerpt":"\r The land parcel in West Coast Vale was awarded to a subsidiary of CDL for $472.4 million. (Photo: URA) The Urban Redevelopment Authority (URA) announced on Wednesday (7 February) that it has successfully sold three residential sites for a total of $728.55 million. In particular, the approximately 210,881 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-residential-sites-yielding-1880-homes-released-for-sale\/","url_meta":{"origin":92777,"position":1},"title":"3 residential sites yielding 1,880 homes released for sale","date":"June 1, 2018","format":false,"excerpt":"\r Aerial view of the sale site at Dairy Farm Road. (Photo: URA) Three residential sites that could yield a total of 1,880 housing units were released for sale by the Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) on Thursday (31 May) under the Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103174,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plum-site-yielding-over-400-condo-units-awarded\/","url_meta":{"origin":92777,"position":2},"title":"Plum site yielding over 400 condo units awarded","date":"January 22, 2019","format":false,"excerpt":"\r Location map of the land parcel at Kampong Java Road. Source: URA The Urban Redevelopment Authority (URA) on Monday (21 Jan) awarded a 125,326.36 sq ft private residential site at Kampong Java Road to CELH Development, which submitted the highest bid of $418.38 million out of a total of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-residential-sites-at-lentor-hills-road-jalan-tembusu-released-for-sale\/","url_meta":{"origin":92777,"position":3},"title":"Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale","date":"October 1, 2021","format":false,"excerpt":"\r Three residential sites at Lentor Hills Road, Jalan Tembusu released for saleThree residential sites located at Lentor Hills Road (Parcels A and B) and Jalan Tembusu have been released for sale under the second half 2021 Government Land Sales (GLS) programme, revealed the Urban Redevelopment Authority (URA) on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/lentor-gls-1-oct.jpg?fit=820%2C410&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":92777,"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":70532,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chong-kuo-and-cuscaden-road-sites-released-for-sale\/","url_meta":{"origin":92777,"position":5},"title":"Chong Kuo and Cuscaden Road sites released for sale","date":"October 31, 2017","format":false,"excerpt":"\r Aerial view of the residential site at Chong Kuo Road off Sembawang Road. (Photo: URA) Two residential sites at Chong Kuo Road and Cuscaden Road have been released for sale under the second half 2017 Government Land Sales (GLS) programme, the Urban Redevelopment Authority (URA) said on Tuesday (31\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\/92777"}],"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=92777"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/92777\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=92777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=92777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=92777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}