Vincent Ong 6598531741

Govt cuts private housing supply from confirmed land sale sites due to Covid-19 fallout

The supply of private residential housing from confirmed sites under the government land sales (GLS) programme for the second half of 2020 has been reduced to take into account the fallout from the global Covid-19 situation, the Ministry of National Development (MND) announced on Wednesday morning (June 24). The private home supply of 1,370 units […]

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Vincent Ong 6598531741

Government keeps steady supply of private housing for first half of 2020 land sales programme

The Government has kept largely unchanged the amount of private residential housing under the government land sales (GLS) programme for the first half of 2020. The new supply consists of 3 confirmed list sites and 8 reserve list sites that can yield about 6,490 private homes, 114,000 sq m gross floor area (GFA) of commercial […]

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Vincent Ong 6598531741

GuocoLand bids $800.2 mil for site on Tan Quee Lan Street

The top bid of $800.19 million was submitted by a joint venture between GuocoLand and subsidiaries of Hong Leong Holdings, namely Intrepid Investments and Hong Realty. The bid price translated to $1,535 psf per plot ratio (psf ppr). This is $4.2% higher than the second bid of $1,473 psf ppr submitted by City Developments Ltd […]

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Vincent Ong 6598531741

URA launches 3 residential sites under 1H2019 GLS Programme

Together, the 3 sites are expected to yield around 1,545 residential units. Launched for sale under the confirmed list, the residential with commercial at 1st storey site at one-north Gateway has an area of 5,778.7 sq m and a maximum gross floor area (GFA) of 14,447 sq m. The residential sites at Hillview Rise and […]

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Vincent Ong 6598531741

Government reduces supply of land for private housing as demand continues to slow

The Government has decided to reduce the supply of private residential units for the second half of 2019, as demand continues to fall, the Ministry of National Development (MND) announced on Thursday (Jun 6). 13 land sites, comprising 5 confirmed sites and 8 reserved sites, were released for sale on Thursday under the Government Land […]

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Vincent Ong 6598531741

Lower private housing supply for first-half 2019

SINGAPORE – The Government has decided to moderate the total supply of private residential units for the first-half 2019 Government Land Sales (GLS) programme, citing the significant growth in pipeline supply while demand has started to moderate following the introduction of the July property cooling measures. The Ministry of National Development (MND) said on Thursday […]

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Vincent Ong 6598531741

Government increases supply of land for private housing

The six sites on the confirmed list of Government Land Sales (GLS) Programme for the second half of 2017 include four private residential sites, one of which is an executive condominium site in Sumang Walk. The residential sites on the confirmed list are in Chong Kuo Road, Handy Road and Hillview Rise, while the commercial […]

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Vincent Ong 6598531741

S$1b bid in Stirling Rd tender sets GLS housing site record

A private housing land parcel near Queenstown MRT Station has attracted a top bid of more than S$1 billion. The site, which sits on 227,221 sq ft of land, has a gross plot ratio of 4.2, translating into a maximum permissible gross floor area of 954,327 sq ft. This can be developed into about 1,110 […]

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Toh Tuck site draws record 24 bids, $265m offer

12 April 2017 A Malaysian developer has trumped a record field of 24 contenders to lodge a sky-high bid for a Toh Tuck Road site. S P Setia offered $265 million for a plot that experts tipped would go for under $200 million. Analysts said the robust bid suggests the project will be launched at […]

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Vincent Ong 6598531741

Govt won’t ease supply of private housing

The Ministry of National Development (MND) said it does not plan to slow down or halt the supply of private housing via the Government Land Sales (GLS) programme. Because demand for private housing remains robust, while current inventory for unsold units is at a historical low. 7th Feb 2017 Read Full Article at http://www.propertyguru.com.sg/property-management-news/2017/2/145941/govt-wont-ease-supply-of-private-housing

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Bidding for Margaret Drive site

14 developers bid for Margaret Drive condominium site. MCL Land emerged as the top bidder with its offer of SGD$238.4 million. Based on the land tender price, the breakeven price is estimated to be in the SGD$1,450 to SGD$1,550 psf range. The site can yield around 275 homes. December 7, 2016 Read Full Article at […]

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Vincent Ong 6598531741

Record bid of $2.57 billion for Marina Bay site

Malaysia’s IOI Properties Group has blown away rivals with a $2.57 billion bid in a hotly contested tender for a mixed-use Marina Bay site. It reflects confidence that prime office rents in the Marina Bay area will recover to their 2015 peak by 2021, when the development is expected to be completed. – 9th Nov […]

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Vincent Ong 6598531741

Three confirmed residential sites unveiled in 1H16 GLS Programme

There are three private residential sites on the Confirmed List, including one Executive Condominium site. These are located in the Outside Central Region and the Core Central Region and can yield about 1,560 residential units, including 640 ECs. – Dec 17, 2015 Read Full Article at http://sbr.com.sg/commercial-property/news/three-confirmed-residential-sites-unveiled-in-1h16-gls-programme

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No small strata office, retail units allowed for Beach Road site

November 27, 2014 A MINIMUM 70 per cent office component has been stipulated for the commercial site next to Shaw Tower along Beach Road. Small strata office or retail units will not be allowed in this 99-year leashold site, which has just been made available for applications by developers through the reserve list. Market watchers […]

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2 residential sites to yield 1,055 units launched

Two residential sites have been put up for sale which could yield 1,055 units and provide developers and home buyers with more housing options. Launched under the confirmed list of the 1H2013 Government Land Sales (GLS) Programme, the sites are located at Kim Tian Road and Sengkang West Way (Parcel A) Read Full Article at […]

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The lucrative impact of Thomson MRT line to residential investment sales

A total of 8 land parcels were awarded under the GLS programme. High participation levels continued to be a feature for well-located sites. Similarly, smaller sites that command a lower price quantum, such as the Farrer Road site, generated keen interest from both big developers and new entrants. – 11 Oct 2012 Read Full Article […]

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