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Government Land Sales For First Half of 2014 Includes 4 E.C. Sites

Posted by on in Singapore Land Sales
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On Dec 18 2013, the URA published the Government Landsales for First Half 2014 (1H2014) in their media release entitled: First Half 2014 Government Land Sales (GLS) Programme.

The details in this report can be summarised in the following table:

 

List

Private Sites (including ECs)

Units (including ECs)

Commercial Sites

GFA (sqm)

White Site

Confirmed List

7 (4 EC)

4600 (incl. 2200 ECs)

1 (Mixed)

5000

-

Reserved List

13 (1 EC)

7000 (600 ECs) 

1

188000 

1

Notes:

  1. ECs - Executive Condominium
  2. GFA - Gross Floor Area
  3. Reserved List - sites on this list go on sale if a developer meets the minimum price that is acceptable to the government

 The 4600 residential units from the Confirmed List will join an existing large pipeline of 97,400 private housing units (ECs included). Again, to discourage sky high bids, two pairs of sites, one pair at Yishun St 51 for ECs and another at Fernvale Road for condos will be batched together for the tender exercise.

The two commercial sites on reserved list are a White site at Marina View and a commercial site at Sims Avenue.  These will contribute an additional 188000 sqm GFA to the 1.1 million sqm GFA of office space already in the pipeline if there is demand.

From these figures, there is a healthy supply of residential units and commercial space already in the pipelines to which the sites on the confirmed list will add to and in addition, there are more sites on the reserved list that can cater if there is demand.

There are already 12700 hotel rooms in the pipeline and the hotel site at Race Course Road which has been on the reserved list since May 2011 will be taken out.

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I am a professional real estate or property agent with the Huttons Realestate Group in Singapore. Huttons markets a great number of properties in Singapore including new condo launches and commercial properties as well as mixed developments.


I am a member of the Huttons sales team which means I can provide you with direct information on those properties. Contact me for invitations to VVIP previews during which you can get first hand information, a better choice of units and discounted prices before the official launch.