View Full Version : H2 2013 Government Land Sales (GLS)
URA should be announcing the GLS list for H2 pretty soon, perhaps it could be this friday. Anyone want to guess whats on that list?
URA should be announcing the GLS list for H2 pretty soon, perhaps it could be this friday. Anyone want to guess whats on that list?
Mt Sinai. :D
Mt Sinai. :D
GLS at mt Sinai will not be cheap and will still not be affordable. What's the point, unless find another few more HDB to collect rent to buy :cheers1:
Holland village -- the old HDB that was just torn down?
URA should be announcing the GLS list for H2 pretty soon, perhaps it could be this friday. Anyone want to guess whats on that list?
Will be next Thursday 13 Jun.
1. Pasir Ris Dr 3
2. Kovan mrt
3. Compassvale Bow
4. Compassvale Crescent
5. Canberra Dr
6. Miltonia Close
7. CCK Ave 3
8. Bt.Batok West Ave 8
9. Jurong East st 31
10. Ghim moh Link
11. Lor 1 Geylang
12. Kampong Arang Rd
13. Merpati Rd
14. AMK Ctrl 3
Allthepies
04-06-13, 20:32
Jurong east 3rd white site on reserve list
i think URA will move the reserved site next to lakeshore to confirm list. I think I saw them putting up erecting the land sale sign board recently.
It will be FEO vs MCL for that one.
TheOnlyGayInTheVillage
05-06-13, 12:28
Stirling rd and TM parcel b open for apps.... Hot sia.
Will be next Thursday 13 Jun.
1. Pasir Ris Dr 3
2. Kovan mrt
3. Compassvale Bow
4. Compassvale Crescent
5. Canberra Dr
6. Miltonia Close
7. CCK Ave 3
8. Bt.Batok West Ave 8
9. Jurong East st 31
10. Ghim moh Link
11. Lor 1 Geylang
12. Kampong Arang Rd
13. Merpati Rd
14. AMK Ctrl 3
15. Hillview
16. D. Farm
15. Hillview
16. D. Farm
Kovan Mrt which plot? The nurseries are stil operating right?
No announcement yet. I am pretty sure it should happen by tomorrow.
SINGAPORE: The government is expected to announce its land sales programme for the second half of 2013 soon.
Analysts expect the state to continue to put out an adequate supply of sites to meet housing demand.
But some market watchers suggest that perhaps fewer sites can be offered under the Confirmed List to keep supply in check.
In the first half of 2013, the government has set aside 12 residential sites for sale under the Confirmed List.
They are expected to yield some 6,900 private homes, including executive condominiums.
For the next six months, some analysts said there is room for the government to scale back its land sales programme.
Real estate agency PropNex suggested that the government could cut supply to between 5,000 and 5,500 units on the Confirmed List. PropNex said the Reserve List could offer sites yielding another 4,000 to 5,000 units.
Mohd Ismail, CEO of PropNex, said: "Today, for many of the take-up rates have been very much subdued, not like in the past when demand was higher, therefore bringing it down will be a good way to monitor the market as prices have more or less stabilised at the moment. It is important to monitor so that we don't create a glut in the market whereby property prices start to tumble or major correction."
Meanwhile, property consultancy Savills said the government could also put more sites on the Reserve List, where developers can apply to trigger sites for sale according to market demand.
A site will only be put up for tender if the developer's minimum bid price is acceptable to the government.
Savills said there could be about 7,800 units on the Reserve List in the second-half 2013 land sales programme, up from the 7,100 units in the first-half.
Alan Cheong, research head at Savills Singapore, said: "If we cut back on the GLS supply, starting say second half of this year, allowing the construction from some of the earlier projects that were sold in 2011, 2012, you may see a smoothening-out effect of the completed supply in 2015 to 2016 and 2017 and that I think would be healthier for the market, the much vaunted oversupply situation will then be something that is not likely to happen."
Analysts expect the government to continue to offer sites in growth areas like Sengkang and Punggol, as well as regional centres including Jurong East, Tampines and Woodlands.
Alice Tan, associate director and head of consultancy and research at Knight Frank, said: "In addition, the Circle Line could be an area where the government could want to look at enhancing its utilisation rate, so there could be some site that could be launched in areas along the Circle Line, such as between probably Kent Ridge all the way to Haw Par Villa areas."
With regards to executive condominiums, some analysts said the government should continue to offer the same number of units in the second half of the year as demand is strong, while others say this number could be reduced as the government re-evaluates the EC scheme.
At a dialogue session held In April, National Development Minister Khaw Boon Wan hinted that the government could re-look subsidies for ECs, which cater to Singaporean households in the "sandwiched class", earning up to S$12,000 a month.
3,100 EC units were offered on the Confirmed List in the first half of 2013. There were no EC sites on the Reserve List.
For the second half of the year, analysts expect developers to continue to be cautious with their land bids, especially for sites in suburban areas that already have numerous new projects.
No announcement yet. I am pretty sure it should happen by tomorrow.
Bro, you wrong again :)
Confirmed Monday 8.30am :D
Bro, you wrong again :)
Confirmed Monday 8.30am :D
damn. Been waiting till neck long long.
I am interest to see which new site around JLD will be launched for tender.
From CNA
The Housing and Development Board and Urban Redevelopment Authority are releasing three residential sites and two commercial-and-residential sites for sale in June 2013.
SINGAPORE: The Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing three residential sites and two commercial-and-residential sites for sale in June 2013 under the Government Land Sales Programme for the first half of 2013.
Together, these five sites can yield about 3,600 residential units.
Two Executive Condominium sites at Punggol Drive and Yuan Ching Road are launched for sale on Monday under the Confirmed List.
The residential site at Mount Sophia and a commercial-and-residential site at Yishun Central 1 will be launched for sale under the Confirmed List on June 28.
The commercial and residential site at Meyappa Chettiar Road will be made available for application on the Reserve List on the same day.
From CNA
The Housing and Development Board and Urban Redevelopment Authority are releasing three residential sites and two commercial-and-residential sites for sale in June 2013.
SINGAPORE: The Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing three residential sites and two commercial-and-residential sites for sale in June 2013 under the Government Land Sales Programme for the first half of 2013.
Together, these five sites can yield about 3,600 residential units.
Two Executive Condominium sites at Punggol Drive and Yuan Ching Road are launched for sale on Monday under the Confirmed List.
The residential site at Mount Sophia and a commercial-and-residential site at Yishun Central 1 will be launched for sale under the Confirmed List on June 28.
The commercial and residential site at Meyappa Chettiar Road will be made available for application on the Reserve List on the same day.
these sites were already include in the H1 list. I think the delay of H2 annoucement could be due to Khaw Boon Wan overseas trip. :)
Tomorrow, Faber Walk site is tender closing.
20th June will be the closing date for Coronation Road landed plot.
Going to be an interest week.
these sites were already include in the H1 list. I think the delay of H2 annoucement could be due to Khaw Boon Wan overseas trip. :)
He should be back today and maybe MND will release the 2H gls tml.
Tomorrow, Faber Walk site is tender closing.
20th June will be the closing date for Coronation Road landed plot.
Going to be an interest week.
I think prices will be higher although outlook not so good. Why i say this? Bcos if outlook is good, major developer wont combine with 2 others to bid for project.
I think prices will be higher although outlook not so good. Why i say this? Bcos if outlook is good, major developer wont combine with 2 others to bid for project.
Not really, major developers team up for strategic reasons and they are usually the one who is capable to moving the market forward. FEO for example like to team up with Fraser for mix development because fraser has got expertise and network for managing retail malls.
The Faber Walk site will be 50/50. On one hand, J Gateway is getting alot of hype, on the other, IOI Trilliq is not selling that well. But will see. I expect CDL to submit a decent bid for this site.
Faber Walk GLS. Breakeven 1100psf??
http://img837.imageshack.us/img837/4766/h8yb.jpg
Wow. Higher breakeven price if s$1,100psf. Gonna sell at least s$1,300psf. Hmmm. I cannot stomach this. I better buy bangcock. Cheaper. Freehold. High rise. Occasional flood good for swimming. Got many syt meimei. No i am not talking about soi cowboy. :D
Industrial land out liao.
THE Ministry of Trade and Industry (MTI) today launched its Industrial Government Land Sales (IGLS) Programme for the second half of 2013. To continue to meet potential demand for industrial land, there will be 19 sites in the Confirmed List and three sites in the Reserve List, with a total site area of 22.84 hectares.
The proposed land quantum for the second half of 2013 represents a continuation of the government's efforts to release sufficient land, through the IGLS programme, to moderate industrial land prices and to provide adequate industrial space for industrialists.
Similar to the first half of 2013, there will be smaller sites with short tenure to help meet the demand of industrialists who prefer to build their own customised facilities. In addition, sites with shorter tenure will be more affordable to industrialists.
The tender conditions on all B1 and B2 sites in the IGLS programme which took effect from Jan 1, 2012 remain unchanged. This will ensure that the new industrial space built by developers can better meet the industrialists' needs for ready-built industrial space.
The coronation road cemetery land tender out. CAPL is going to spend 366mil , close to 1000psf on this piece. :scared-5:
... time to short CAPL ;)
The coronation road cemetery land tender out. CAPL is going to spend 366mil , close to 1000psf on this piece. :scared-5:
... time to short CAPL ;)
Breakeven $1450 to $1500psf, selling $2000psf??
http://img33.imageshack.us/img33/6649/so7z.jpg
CAPITALAND'S Athens Residential Development was found to have bid higher than 11 others at the close of tender yesterday for the 99-year leasehold site at Coronation Road.
The top bid was $366 million, or $908.17 per square foot of land, compared to the second highest bid put up by Far East Organization unit Astor Properties ($313.3 million, or $777.49 psf of land).
"We plan to develop a prestigious landed development comprising semi-detached houses and bungalows on this site. The development will be ready for launch around Q2 of 2014," said a CapitaLand Singapore spokesperson.
That the top bid was 17 per cent higher than the second illustrates CapitaLand's confidence in this market, said Joseph Tan, executive director, residential, CBRE.
CAPITALAND'S Athens Residential Development was found to have bid higher than 11 others at the close of tender yesterday for the 99-year leasehold site at Coronation Road.
The top bid was $366 million, or $908.17 per square foot of land, compared to the second highest bid put up by Far East Organization unit Astor Properties ($313.3 million, or $777.49 psf of land).
"We plan to develop a prestigious landed development comprising semi-detached houses and bungalows on this site. The development will be ready for launch around Q2 of 2014," said a CapitaLand Singapore spokesperson.
That the top bid was 17 per cent higher than the second illustrates CapitaLand's confidence in this market, said Joseph Tan, executive director, residential, CBRE.
"If developed into semi-detached houses, CBRE expects prices to start from $6 million," he added.
That the site managed to garner 12 bids shows that homebuyer's demand for landed housing is still strong, said Nicholas Mak, executive director, research and consultancy, at SLP International.
Christine Li, head of research and consultancy at Orange Tee agreed: "Developers are bullish on landed properties due to its limited pipeline supply unlike condominiums and apartments.
"The other reason could also be that prices of landed properties have outperformed non-landed properties since Q2 2009; prices of landed properties are now 87 per cent above the trough in 2009 as of Q1 2013. In comparison, prices of non-landed homes are only 53 per cent above the trough in 2009."
Assuming the developer were to build only semi-detached houses on the parcel, Ms Li said she expects the breakeven cost for each unit to be about $3.5 million.
SLP International's Mr Mak said he expects homes on the 99-year leasehold landed housing project to be launched at between $1,600 psf and $2,000 psf.
"The site is located near a Good Class Bungalow (GCB) area. Recent transacted prices of landed houses in this location ranged from $1,280 psf to $1,830 psf of land. But most of the landed houses in this area are on freehold or 999-year leasehold land," he said.
The landed housing plot, which measures about 403,007 sq ft, was a former Chinese cemetery acquired by the state and cleared for development in the late 1990s. Part of the attraction of the site is that it is located near Nanyang Primary School, Raffles Girls' Primary School, Nanyang Girls' High School, National Junior College, and Hwa Chong Institution.
It is also within walking distance to Farrer Road MRT and the future Tan Kah Kee MRT station.
According to Ong Kah Seng, director at R'ST Research, being located near good schools, and the limited new supply of landed housing plots could translate into fairly high resale interest in the longer term.
Sale of landed housing development sites are quite rare. The previous GLS site for landed housing which was put up for sale was in December 2011 for a site at Chestnut Avenue, which drew $70.8 million, or $510 psf of land.
Other bidders for the site include Chip Eng Seng's CEL EC Development which put up a bid of $298 million or $739.44 psf of land; a combined bid of $282.3 million ($700.48 psf of land) was also put up by City Developments Limited's Verwood Holdings, Hong Leong Holding's Intrepid Investments, and Hong Realty's Garden Estates; Allgreen Properties put up a bid of $229.0 million, or $568.18 psf of land.
The lowest bid was put up by Wing Tai Holdings unit, Wingzest Investment, at $163.1 million, or $404.73 psf of land.
announcement got delay by haze?
Finally
http://www.ura.gov.sg/pr/text/2013/pr13-37.html
http://www.ura.gov.sg/pr/graphics/2013/pr13-37a1.pdf
The hotel site at Victoria Street, which was made available for sale via the Reserve List of the 1H2013 GLS Programme, will be removed from the
Reserve List to facilitate a review of land use intention for the site.
3 sites around Redhill area available for tender...AS owner huat liao
TheOnlyGayInTheVillage
25-06-13, 10:43
Sturdee Rd? Interesting.
Sturdee Rd? Interesting.
that is a big commercial site at Katong Payer labar area. That will be interesting too.
Allthepies
25-06-13, 12:52
The hotel site at Victoria Street, which was made available for sale via the Reserve List of the 1H2013 GLS Programme, will be removed from the
Reserve List to facilitate a review of land use intention for the site.
yup this is an interesting piece of news...
no further land release in JLD... government sensing recession is near?!!
yup this is an interesting piece of news...
no further land release in JLD... government sensing recession is near?!!
The Jurong West parcel B is also part of JLD. I think its a sensible move to not release anymore commercial land now, because government will rip higher returns when more projects are completed.
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