SGPropertySource News

Top property news headlines from SGPropertySource . Find news on singapore real estate from our news section now.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that has been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
Subscribe to this list via RSS Blog posts tagged in URA

New Private Residential Estate To Be Build In Forested Area Bordered by Lentor Drive, Yio Chu Kang Road and Tagore Road

Channel News Asia reported plans to build new private residential units in a 38 hectare plot of land delineated by Lentor Drive, Yio Chu Kang Road and Tagore Road. This land is now forested so with the scarcity of land in Singapore, another patch of forest has to make way for housing purposes. The CNA article can be found by clicking here. Its a matter of time before land sales start to show up for plot. This Google satelite map shows the location of the land and is basically the forested area in the centre.

new amk estate

 

To quote, "The Urban Redevelopment Authority (URA) said there will be high-rise, medium-rise and landed housing options alongside parks and a variety of amenities. Other plans in the pipeline include a mixed-use development next to the new MRT station. The development of the area will be phased in tandem with the opening of the new MRT station, which is expected to be around 2020." The MRT station mentioned is the future Lentor station on the Thomson Line.

Hits: 5499
Rate this blog entry:
0

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.

Hits: 976
Rate this blog entry:
0