The Government will roll out six sites in 2H2017 Available by tender
That may generate 2,840 housing units. They will be launched under the
Confirmed List to the 2H2017 Government Land Sales Programme.
The market trend
The Distribution of 2,840 housing units is only slightly higher than the
Some market watchers had expected a sizable bump in supply given the competitive bids by developers of late and the pick up in collective sale actions.
“The absolute number of residential units on the Verified list has
The truth is only increased marginally from H1 2017, representing the
government’s measured approach to releasing territory,” says Desmond Sim,
Head, CBRE Research, Singapore and South East Asia. The first
Is a 2.3 ha land site at Holland Village that may generate 570 housing units
and about 145,000 sq ft of commercial space. The land site, which is
presently used as a carpark, was earmarked for the new Holland
Another site at Bukit Batok that has tendered last year by Qingjian Realty by the name of Le Quest is also another mixed development that is going to launch next month, end July or early aug 2017.
Ong Teck Hui, JLL’s national Manager for Research & Consultancy
Considers the Holland Road site could possibly be the most appealing
site to developers because of its close proximity to Holland Village and
robust demand for homes in the region.
Another notable site is a 0.52 ha site at Handy Road, a stone’s throw
The land can yield an estimated 130 housing
units and it’s slated to be launched for tender in November 2017.
The third notable land is a 3.63 ha site Alongside Buangkok MRT
station. The site can yield about 700 housing units and 143,000 sq feet of
commercial space which seems to be a smallish suburban mall. It’s
slated to be launched for tender in December 2017.
There’s Just One executive condominium site to be launched for
The land site is situated along the Punggol Waterway near
Sumang LRT station.
Separately, nine private residential sites and one commercial site
Will be made available from the Reserve List. These lands can yield 5,285
private residential units and 611,282 sq feet of commercial gross floor
area, mostly for office use.
Among them are five new land sites situated at West Coast Vale, Cuscaden Road, Canberra Drive, Mattar Road and Silat Avenue.The supply of 5,285 units in the Reserve List is near the 5,135
The sites below the Reserve List is only going to be launched for tender if developers successfully activate them by committing to an acceptable minimum bid.
Of the 10 sites on the 1H2017 Reserve Record, the residential site in
Located next to Queenstown MRT station, the site fetched a top bid of over $1 billion in Hong Kong’s Logan Property and Chinese developer Nanshan Group.
Meanwhile, Sumang Walk and Holland Road previously on the book list have been moved into the 2H2017 Confirmed List.