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16-10-23, 17:54
First residential plots returned to the state will be rejuvenated as HDB flats in Kallang
Oct 13, 2023
THE first residential plot of land in post-independence Singapore which reached the end of its lease is being readied for a public housing development as part of rejuvenation efforts in Kallang.
The area was home to terrace houses whose 60-year leases expired in December 2020. The houses have been vacated and the land returned to the state.
On Friday (Oct 13), the Urban Redevelopment Authority (URA) said: “The proposed development will support demand for housing and allow future residents to tap the site’s proximity to amenities and transport nodes, such as Kallang MRT and Geylang Bahru MRT.”
The Singapore Land Authority first announced in 2017 that the rejuvenation of Kallang will give residents a better living environment, more leisure options, new transport facilities and jobs closer to their homes.
URA said it is proposing to assign plot ratios of 2.4 or 2.8 to the land parcels, which are located along Upper Boon Keng Road.
Analysts expect the Kallang site to yield between 200 units and 400 units.
Christine Sun, OrangeTee & Tie’s senior vice-president of research and analytics, said the site may fall under the Prime Location Public Housing (PLH) model as it is located at the fringe of the Downtown area and is close to the Kallang River.
Huttons Asia’s senior director of data analytics Lee Sze Teck noted that the site’s location is a few minutes’ walk to Geylang Bahru MRT station.
He said: “If designated for public housing and depending on the timing of the launch, it can be either a PLH or Plus flat. The prices may be slightly lower than Verandah @ Kallang.”
Lee was referring to one of the PLH projects in the October Build-to-Order (BTO) exercise. Prices start from S$193,000 for a two-room Flexi, while three-room and four-room units start from S$368,000 and S$535,000, respectively.
Mogul.sg chief research officer Nicholas Mak estimates that four-room flats at the Kallang site could potentially be priced from S$600,000 to S$720,000 each.
Meanwhile, land parcels in Woodlands are also earmarked for development into high-density residential and commercial buildings.
A 22,384.8 square metre (sq m) plot of land between Woodlands Square and Woodlands Avenue 5 is being proposed for rezoning from commercial to residential use. It is expected to see its plot ratio increase from 3.5 to 4.8.
This site is one of those to be offered in the upcoming December BTO exercise, said Lee.
Next to Woodlands MRT station, the BTO project will have 840 units ranging from two-room flexi to five-room flats, according to HDB’s website.
Another 27,284.6 sq m plot of land set aside for residential use between Woodlands Square and Woodlands Avenue 2 is being proposed for rezoning to commercial and residential use. Its plot ratio remains at 3.5.
Mak said the authorities may be hoping to turn the area into a commercial hub with offices and shops, similar to Tampines Central or Paya Lebar Central.
https://www.businesstimes.com.sg/property/first-residential-plots-returned-state-will-be-rejuvenated-hdb-flats-kallang
Oct 13, 2023
THE first residential plot of land in post-independence Singapore which reached the end of its lease is being readied for a public housing development as part of rejuvenation efforts in Kallang.
The area was home to terrace houses whose 60-year leases expired in December 2020. The houses have been vacated and the land returned to the state.
On Friday (Oct 13), the Urban Redevelopment Authority (URA) said: “The proposed development will support demand for housing and allow future residents to tap the site’s proximity to amenities and transport nodes, such as Kallang MRT and Geylang Bahru MRT.”
The Singapore Land Authority first announced in 2017 that the rejuvenation of Kallang will give residents a better living environment, more leisure options, new transport facilities and jobs closer to their homes.
URA said it is proposing to assign plot ratios of 2.4 or 2.8 to the land parcels, which are located along Upper Boon Keng Road.
Analysts expect the Kallang site to yield between 200 units and 400 units.
Christine Sun, OrangeTee & Tie’s senior vice-president of research and analytics, said the site may fall under the Prime Location Public Housing (PLH) model as it is located at the fringe of the Downtown area and is close to the Kallang River.
Huttons Asia’s senior director of data analytics Lee Sze Teck noted that the site’s location is a few minutes’ walk to Geylang Bahru MRT station.
He said: “If designated for public housing and depending on the timing of the launch, it can be either a PLH or Plus flat. The prices may be slightly lower than Verandah @ Kallang.”
Lee was referring to one of the PLH projects in the October Build-to-Order (BTO) exercise. Prices start from S$193,000 for a two-room Flexi, while three-room and four-room units start from S$368,000 and S$535,000, respectively.
Mogul.sg chief research officer Nicholas Mak estimates that four-room flats at the Kallang site could potentially be priced from S$600,000 to S$720,000 each.
Meanwhile, land parcels in Woodlands are also earmarked for development into high-density residential and commercial buildings.
A 22,384.8 square metre (sq m) plot of land between Woodlands Square and Woodlands Avenue 5 is being proposed for rezoning from commercial to residential use. It is expected to see its plot ratio increase from 3.5 to 4.8.
This site is one of those to be offered in the upcoming December BTO exercise, said Lee.
Next to Woodlands MRT station, the BTO project will have 840 units ranging from two-room flexi to five-room flats, according to HDB’s website.
Another 27,284.6 sq m plot of land set aside for residential use between Woodlands Square and Woodlands Avenue 2 is being proposed for rezoning to commercial and residential use. Its plot ratio remains at 3.5.
Mak said the authorities may be hoping to turn the area into a commercial hub with offices and shops, similar to Tampines Central or Paya Lebar Central.
https://www.businesstimes.com.sg/property/first-residential-plots-returned-state-will-be-rejuvenated-hdb-flats-kallang