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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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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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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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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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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URA plans new homes in CBD, including Shenton Way and Tanjong Pagar

To that end, the Government will give developers a higher gross plot ratio – the permissible development intensity of a land parcel – to encourage them to convert ageing offices into hotels and homes. “We want to introduce a broader mix of uses so that the CBD is not only a place to work, but […]

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Clementi site launched for sale, could yield 640 homes

A private residential site at Clementi Avenue 1 that could potentially yield a maximum of 640 housing units was launched for sale via public tender. With a land area of about 178,064 sq ft, the 99-year leasehold site has a gross floor area (GFA) of about 623,230 sq ft. The site is also accessible via […]

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Plum site yielding over 400 condo units awarded

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. The bid by Chip Eng Seng Corp’s property development arm works out to $1,192.25 psf ppr based on the site’s maximum permissible gross […]

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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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Canberra Link EC site receives healthy interest with nine bids

The tender for an executive condominium (EC) site in Canberra Link received nine bids, with Hoi Hup Realty and Sunway Developments submitting the highest bid of $271 million. The last EC site sold via public tender within the Sembawang area was in October 2014. With only two bids submitted, the site achieved an average price […]

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Singapore property set to sizzle in 2018

A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018. A Chinese group lobbed a winning record bid for a residential plot, while Guocoland paid a record per-square foot price for an office development site in the central business […]

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Oxley to acquire Pasir Panjang Road Property

Oxley Holdings is acquiring a freehold residential property known as 231 Pasir Panjang Road for $121 million. The group plans to redevelop the site, which has a land area of about 89,620 sq ft. – 13 July 2017 Read Full Article at: http://www.propertyguru.com.sg/property-management-news/2017/7/156141/oxley-to-acquire-pasir-panjang-property

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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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SPH & Kajima places top bid for Upper Serangoon Road site

Elara 1 and Callisto 1, entities linked to Singapore Press Holdings and Kajima Development, have submitted the top bid of $1,132 million for a 2.54ha (273,403 sq ft) mixed-use development site at Upper Serangoon Road. The 99-year leasehold mixed commercial and residential site, has a gross plot ratio of 3.5 and a maximum gross floor […]

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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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Amber Road site sold for $156m

The freehold site is approx 70,000 sq ft at 45 Amber Road has been sold to UOL Group Ltd. The plot is within walking distance to Parkway Parade, upcoming Tanjong Katong and Marine Parade MRT stations. It will be able to accommodate about 190 apartment units in a 22-storey block. – 24th January 2017 Read […]

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Upper Paya Lebar Road condo site draws top bid of $392.3 million from UOL

The top bid from UOL Overseas Investments – a unit of the UOL Group – came in at $392.3 million, or $648.30 per square foot (psf) per plot ratio (ppr). – Published on Jan 14, 2014 Read full article at http://www.straitstimes.com/breaking-news/money/story/upper-paya-lebar-road-condo-site-draws-top-bid-3923-million-uol-20140114

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$442.3m for unique Mount Sophia site

A rare residential site in Mount Sophia, a short walk from Dhoby Ghaut MRT station, has attracted a strong bidding contest among nine groups of developers. The top bid for the 99-year leasehold site, able to yield about 500 homes, came in at $442.3 million. That bid, from a consortium comprising Hoi Hup Realty, Sunway […]

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Strong interest for Mt Sophia site

Launched for tender on 28 June, the land parcel drew top bid of S$442.3 million, which translates to S$1,157 psf per plot ratio. A consortium comprising Hoi Hup Realty, SC Wong Holdings and Sunway Developments submitted the bid, closely followed by a tie-up between Fantasia Investment (Singapore) and Singhome which submitted a bid of S$442 […]

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Frasers’ S$1.43b top bid for Yishun site stuns market

A mixed commercial and residential site in Yishun attracted a top bid of S$1.43 billion from Frasers Centrepoint. The 99-year leasehold site sits on 442,234 sq ft of land and has a maximum permissible gross floor area of almost 1.33 million sq ft. The development, next to Yishun MRT Station and to be integrated with […]

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