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Subscribe to this list via RSS Blog posts tagged in government land sales

Posted by on in Residential

newpropertydream jiakkim

SINGAPORE - Frasers Centrepoint Limited trumped nine other bidders with an offer of $955.4 million for a residential plot in Jiak Kim Street, the former site of popular nightspot Zouk.

Separately, Allgreen Holdings emerged top among seven bidders for a residential parcel in Fourth Avenue, lodging a tender of $552.96 million.

The two 99-year leasehold sites were originally on the Reserve List of the Government Land Sales (GLS) programme and were triggered for public tender after minimum acceptable bids were made.

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Posted by on in Residential

The dust has barely settled on the New Year festivities, but at least one developer is anxious to get the land sales ball rolling.

The Urban Redevelopment Authority (URA) announced yesterday that a 2.44ha site on the reserve list has been triggered for sale.

Around 570 homes can be built on the plot at the junction of New Upper Changi Road and Bedok South Avenue 3.

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The Housing & Development Board (HDB) has launched for sale an Executive Condominium (EC) site on Yio Chu Kang Road, with analysts saying the tender is likely to attract conservative bids from developers amid a large unsold inventory.

The 99-year leasehold site, released from the Confirmed List of the second half of the 2015 Government Land Sales programme, sits on a 198,302 sqf area and may yield 520 homes, said the HDB yesterday. It also released for application under the Reserve List yesterday an EC site at Sumang Walk in Punggol. This parcel has a land area of about 291,233 sqf and may yield 820 units.

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The Government has cut the supply of land for residential development under its biannual sales programme to the lowest since the global financial crisis — a move that analysts say signals an attempt to stabilise the market amid a rising supply glut in the pipeline.

Under the Government Land Sales (GLS) programme for the second half of the year, four sites that can yield 2,130 homes, including one executive condominium (EC) land parcel that can be developed into 520 units, will be made available under the Confirmed List, the Ministry of National Development (MND) said yesterday.

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An overwhelming majority of property consultants predict that the government will further trim land supply for private housing development in the confirmed list for the second half of this year, citing the sharp slowdown in home sales and the substantial supply pipeline.
They also expect the authorities to offer commercial sites on the confirmed list and/or reserve list in locations such as Paya Lebar and Woodlands to speed up their development as commercial hubs.
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A commercial and residential site next to Potong Pasir MRT Station launched for sale on the confirmed list of the Government Land Sales Programme is expected to draw four to eight bids.

Property consultants' forecasts for the top bid varied from $650 to $900 per square foot of potential gross floor area. The tender for the site closes on Aug 19.
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Five plots of land were released yesterday through the Industrial Government Land Sales Programme.

Four of the sites are being offered through the confirmed list. Tenders close on Dec 12 for three sites in Tuas South area (Plots 20, 22 and 24) while the tender for a plot in Gambas Crescent (Parcel 3) closes on Dec 10.
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Posted by on in Uncategorized
In a move to moderate tender bids and future property prices, the tender for three sites will close on the same day for the first time.

Included in this exercise is an executive condominium (EC) site at Punggol Central, one of the four sites released as part of the Government Land Sales Programme for the first half of 2013.
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Posted by on in Uncategorized
Investment activity in the real estate sector slowed down considerably in the first quarter but it is still raking up some robust numbers.

The sector recorded transactions of $5.4 billion in the three months to March 31 - a 33 per cent plunge from the $8 billion recorded in the last quarter of last year.
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Posted by on in Residential
The government has released the final two commercial sites for the second half 2012 Government Land Sales (GLS) programme.

One is a confirmed list site near Jurong East MRT Station that has been launched for sale by public tender, while the other is a plot at Cecil Street/Telok Ayer Street that is available for application for sale under the reserve list.
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