30 sites for private housing

**mr funny** · 25-11-10, 13:58

http://www.straitstimes.com/Breaking...ry_607192.html

Nov 25, 2010

GOVERNMENT LAND SALES PROGRAMME

30 sites for private housing

THIRTY sites, which can together yield 14,300 private residential units, will be made available for private housing in the first half of next year under the Government Land Sales Programme (GLS) to meet demand.

The Ministry of National Development, which announced this on Thursday, said it will continue to monitor the property market closely and is prepared to inject even more supply of private housing if demand continues to be strong.

To maintain a strong supply of private housing, MND will place 17 sites on the confirmed list of the GLS programme in the first half of 2011. These sites can yield about 8,100 residential units.

This is comparable to the supply from the confirmed list in the second half of this year, which was the highest supply since the system was introduced in mid-2001.

In addition, 13 sites will be placed on reserve list, which can together yield about 6,200 residential units.

This is higher than the 13,900 private residential units made available in second half of the 2010 GLS Programme, said a statement from MND.

Of the 30 sites, 17 are new, while the remaining 13 are carried over from the second half of this year.

Most of them, including four executive condominium sites, are located in the outside central region or in the Rest of Central Region where more affordable private housing is expected to be built.

**2824** · 25-11-10, 14:45

The sites this time around seem to be much better located and many are quite close to mrt or recently launched projects which had good response, maybe they sense the need to whet developer's appetite.

**devilplate** · 25-11-10, 15:13

Originally Posted by 2824

The sites this time around seem to be much better located and many are quite close to mrt or recently launched projects which had good response, maybe they sense the need to whet developer's appetite.

govt is smart? push out inferior land sites first and when land prices had hit record high now, they start to release better sites to sustain the prices?

**Rysk** · 25-11-10, 15:34

Originally Posted by devilplate

govt is smart? push out inferior land sites first and when land prices had hit record high now, they start to release better sites to sustain the prices?

Same to selling HDB flat..
When demand is strong, they keep releasing Punggol/Sengkang/Jurong West flat.. can clear many leftover vacant units
Die die hold back sale at mature estate

**DC33_2008** · 25-11-10, 15:50

Garment is trying to pre-cool the market with all these release of lands.

**kingkong1984** · 25-11-10, 16:04

**2824** · 25-11-10, 16:15

This one because of its size, proximity to mrt and amenities sure look interesting

Originally Posted by kingkong1984

http://www.ura.gov.sg/pr/text/2010/pr10-137.html

5. Boon Keng MRT
http://www.ura.gov.sg/pr/graphics/2010/pr10-137a4.pdf

.

**kingkong1984** · 25-11-10, 16:18

plus river facing.. small river or longkang if u want to call it that.

**hyenergix** · 25-11-10, 16:19

Amazing! Can the market absorb so many pte houses? I hope that the government is not preparing the ground for allowing more foreigners to come in after the election early next year!

**kingkong1984** · 25-11-10, 16:22

Originally Posted by hyenergix

Amazing! Can the market absorb so many pte houses? I hope that the government is not preparing the ground for allowing more foreigners to come in after the election early next year!

cooling measures are cooling measures.

Increase with lots of Supply... restrict demand will do the job! Pity those condo's not near MRT... drop in value liao. Immediate drop!

Guess this should do the job.

**hyenergix** · 25-11-10, 16:27

I can see several good sites. Are these just 99LH?

**DC33_2008** · 25-11-10, 16:29

FH land sales are rare these days.

**devilplate** · 25-11-10, 16:35

GLS 100% 99LH

mostly within 5mins to MRT! WOW....duno wat will happen....

those older 99LH condos not near MRT...jialat

**hyenergix** · 25-11-10, 16:41

Okay... I'm not going to be interested in them...

**DC33_2008** · 25-11-10, 16:45

Some of these sites will develop into hot properties.

Originally Posted by hyenergix

Okay... I'm not going to be interested in them...

**hyenergix** · 25-11-10, 16:57

You may be right... on closer look several of them are near MRT with some vacant land for future developments. Government is really smart to release the ulu sites first. I bet those who bought the condos or ECs at these ulu sites will now bang balls. Unless they are buying to stay near parents.

**shauntanzs** · 25-11-10, 17:58

With all these delicious site, do u think property market will drop? Maybe maintain or slight increase I see.

**kingkong1984** · 25-11-10, 19:19

Originally Posted by shauntanzs

With all these delicious site, do u think property market will drop? Maybe maintain or slight increase I see.

Well, you have a point. Developer will grab and have to bid high high for them.

**westman** · 25-11-10, 20:26

Instead of introducing more cooling measures such as capital gain tax etc , flooding with supply will bring in more benefits such as increasing income for some garment agencies. Eventually, price will correct becos of oversupply, by then, do you think garment care?

IMO, pushing out more GLS might bring about the following:
1) More GLS will triggered more new construction projects with buyers funding the constsuction costs thru purchases of properties (a boost to GDP) and garment will need not to worry construction sector for the next few years... (Stimulate the economy and taxing for profits made from developers)
2) More duties stamp fees collected ($$$$$$$$$$...)
3) these new land sites can potentially help to protect price erosion to nearby projects (another plus points)

With $$$ collected from GLS from developers, duty stamp fees paid by buyers and Corporate tax income from developers, do you think they care what happened?
No $$$ no talk, money taken lagi no need to talk, you die your problems.....

In fact, I'm not surprise similar statements from politicians such as "See, we told you right, becareful about property investment.... who asks you play play with property even after our repeative warnings on property risks. Dun't say I never give chance hor...."

**Komo** · 25-11-10, 20:40

Originally Posted by shauntanzs

With all these delicious site, do u think property market will drop? Maybe maintain or slight increase I see.

These sites will sure be priced higher and support the current high prices, especially those in the surrounding.

good job!!

**Wild Falcon** · 25-11-10, 20:56

Some of these sites sure look hotter than our d'Leedon

Nearer MRT and shorter more direct commute to town n less crowded n more exclusive. So if D'Leedon can fetch more than 1650psf, some of these may do better.

Originally Posted by DC33_2008

Some of these sites will develop into hot properties.

**Geylang OKT** · 25-11-10, 21:26

Originally Posted by hyenergix

Amazing! Can the market absorb so many pte houses? I hope that the government is not preparing the ground for allowing more foreigners to come in after the election early next year!

The govt is indeed serious in cooling the speculative prices. Better not buy now or else die pain pain later

**kane** · 25-11-10, 21:27

pine grove's enbloc will have to wait...

**amk** · 25-11-10, 21:37

Calm down guys. What make u think developers will fight to bid those sites and build cheap cheap and sell cheap cheap ? These mrt sites are not cheap ok. Especially those on reserve list. For example, the one near bishan mrt had been on sale since 2007! Did u notice all the big boys were not present in all the recent bids ? Ppl like Liew and Qwek are not stupid. Why should I flood myself with the supply to suppress my margin ?

Gov is also trying to maximize the return on land. Cooling down the pty market is a byproduct.

**westman** · 25-11-10, 22:09

Originally Posted by Geylang OKT

The govt is indeed serious in cooling the speculative prices. Better not buy now or else die pain pain later

Agreed. In particular, milking from buyers while cooling the market...

**shauntanzs** · 25-11-10, 22:36

I can only say singaporean are really rich.
How many forumer here owns more than 3 properties??

**azeoprop** · 25-11-10, 23:34

I am eying on the large site next to boon keng mrt station hee hee...

**DC33_2008** · 26-11-10, 08:38

Good news to the property market. Price will continue to head north.

**DC33_2008** · 26-11-10, 08:42

This could be a white site.

Originally Posted by azeoprop

I am eying on the large site next to boon keng mrt station hee hee...

**Komo** · 26-11-10, 08:51

So the mkt is getting interesting all over again

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