reporter2
09-06-22, 09:17
Government releases 14 sites under 2H2022 GLS programme
June 7, 2022
The Singapore government has announced 14 sites under the 2H2022 Government Land Sales (GLS) programme, comprising six Confirmed List sites and eight Reserve List sites.
The Confirmed List comprises four private residential sites, one Executive Condominium (EC) site and a commercial & residential site. Three of the sites — Bukit Timah Link, Hillview Rise and Lentor Gardens — were moved from the Reserve List to the Confirmed List. The remaining three — Marina Gardens Lane, the Tengah Plantation Loop and Tampines Avenue 11 — are new sites.
In total, the sites will yield an estimated 3,505 residential units, including 495 EC units.
https://i.imgur.com/MHoOoxm.png
This represents a 25.9% increase from the 1H2022 Confirmed List supply, which saw a total of 2,785 units. It is also the highest number of Confirmed List units since 2H2014, which had 3,915 units, notes Catherine He, Colliers’ head of research.“The higher number of units will provide a much-needed boost for developers to shore up their land inventory,” she remarks.
Given healthy new home sales, healthy employment levels and low unsold housing inventory, Colliers’ He believes the sites are likely to attract a healthy level of bids.
Meanwhile, the eight sites on the Reserve List comprise four private residential sites, two EC sites, a white site and a hotel site. If all of these sites were triggered for sale, they could yield another 3,805 private residential units, including 1,000 EC units, 861,113 sq ft of commercial space and 530 hotel rooms.
https://i.imgur.com/49Xp2pt.png
First sale site in Marina South
One of the most notable land parcels in the 2H2022 Confirmed List is the Marina Gardens Lane site. The 1.23ha site is the first GLS parcel in the Marina South precinct, in the Rest of Central Region (RCR). Estimated to be launched for sale in December, the site can yield around 795 residential units.
The site will likely be hotly contested when launched given its central waterfront location, opines Alice Tan, head of consultancy at Knight Frank Singapore. “When completed, [the development] will have unobstructed views of the CBD, Gardens by the Bay, Marina Reservoir and sea views,” she points out.
Read more at: https://www.edgeprop.sg/property-news/government-releases-14-sites-under-2h2022-gls-programme
June 7, 2022
The Singapore government has announced 14 sites under the 2H2022 Government Land Sales (GLS) programme, comprising six Confirmed List sites and eight Reserve List sites.
The Confirmed List comprises four private residential sites, one Executive Condominium (EC) site and a commercial & residential site. Three of the sites — Bukit Timah Link, Hillview Rise and Lentor Gardens — were moved from the Reserve List to the Confirmed List. The remaining three — Marina Gardens Lane, the Tengah Plantation Loop and Tampines Avenue 11 — are new sites.
In total, the sites will yield an estimated 3,505 residential units, including 495 EC units.
https://i.imgur.com/MHoOoxm.png
This represents a 25.9% increase from the 1H2022 Confirmed List supply, which saw a total of 2,785 units. It is also the highest number of Confirmed List units since 2H2014, which had 3,915 units, notes Catherine He, Colliers’ head of research.“The higher number of units will provide a much-needed boost for developers to shore up their land inventory,” she remarks.
Given healthy new home sales, healthy employment levels and low unsold housing inventory, Colliers’ He believes the sites are likely to attract a healthy level of bids.
Meanwhile, the eight sites on the Reserve List comprise four private residential sites, two EC sites, a white site and a hotel site. If all of these sites were triggered for sale, they could yield another 3,805 private residential units, including 1,000 EC units, 861,113 sq ft of commercial space and 530 hotel rooms.
https://i.imgur.com/49Xp2pt.png
First sale site in Marina South
One of the most notable land parcels in the 2H2022 Confirmed List is the Marina Gardens Lane site. The 1.23ha site is the first GLS parcel in the Marina South precinct, in the Rest of Central Region (RCR). Estimated to be launched for sale in December, the site can yield around 795 residential units.
The site will likely be hotly contested when launched given its central waterfront location, opines Alice Tan, head of consultancy at Knight Frank Singapore. “When completed, [the development] will have unobstructed views of the CBD, Gardens by the Bay, Marina Reservoir and sea views,” she points out.
Read more at: https://www.edgeprop.sg/property-news/government-releases-14-sites-under-2h2022-gls-programme