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Thread: Here comes the supply!!!!!!!!!!!!!

  1. #1
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    Default Here comes the supply!!!!!!!!!!!!!

    June 14, 2007 Govt land sales to see 15 new sites

    THE Government Land Sales programme will be boosted with 15 new sites in the second half of 2007, in response to increased demand and a healthy economy, said the Ministry of National Development (MND). 'This is in line with the robust growth of the economy and the increase in demand for various properties,' MND said on Thursday.
    The MND said the 15 new sites will be made up of eight residential sites, two commercial sites, four hotel sites and one white site.
    The remaining 26 unsold sites from the first half of 2007 will be carried over to the second half.
    The Government Land Sales programme for the second half of 2007 will consist of 41 sites.
    These sites comprise 20 residential sites, five commercial sites, four white sites, 10 hotel sites and two commercial and residential sites.
    The 41 sites have a potential yield of about 8,000 private residential unites, 354,000sqm GFA of commercial space and 6,500 hotel rooms.
    The programme will continue to have sites in both the confirmed list and the reserve list.
    Sites under the confirmed list are released for tender at a pre-determined date, without the need fort he sale to be triggered by an application.
    Under the reserve list, the Government will only release a site for sale if an interested party submits an application for the site to be put up for tender with an offer of minimum purchase price accepted by the Government, said the MND.
    Confirmed list for 2007 H2
    In response to the market conditions and the need for certain sites to be developed early, a total of 14 sites will be sold through the confirmed list in the second half of 2007, said the MND in the statement.
    Out of 14 confirmed sites, three are new sites and 11 are sites carried over from the first half of 2007. The 14 sites are:
    - Eight residential sites at Sembawang Park, Simon Rd, Enggor St (A), Enggor St (B), Woodlands Ave 2 / Rosewood Dr, Elias Rd / Pasir Ris Dr 3, Boon Lay Way / Yuan Ching Rd and Choa Chu Kang Rd / Woodlands Rd
    - One commercial site at Toa Payoh Lor 6
    - Three white sites at Marina View, Race Course Rd / Rangoon Rd and Serangoon Central
    - Two hotel sites at Upper Pickering St and New Market Rd / Merchant Rd
    Reserve list for 2007 H2
    A total of 27 sites will be on the reserve list for the second half of 2007. These comprise 15 sites carried over from the reserve list of the first half of 2007, and another 12 new sites.
    The 12 new sites comprise:
    - Five residential sites at Alexandra Rd / Tiong Bahru Rd, Toa Payoh Lor 2/3, Yishun Ave 1 / Ave 2, New Upper Changi Rd / Tanah Merah Kechil Ave and Bishan St 14
    - One Executive Condominium (EC) site at Punggol Rd / Punggol Field
    - Four hotel sites at Jln Bt Merah / Alexandra Rd, Jln Besar / Sturdee Rd, Race Course Rd / Bt Timah Rd and Bernam St / Tanjong Pagar Rd
    - Two commercial sites at Jln Sultan and Tampines Concourse
    Supply in pipeline
    For the private housing sector, a total of about 42,200 new private residential units from projects in the pipeline are expected to be completed up to 2010.
    For the office sector, a total supply of about 640,000sqm of office space is expected to be completed up to 2010.
    For the shop and hotel sectors, a total supply of about 610,000sqm of shop space and 9,100 hotel rooms are expected to be completed up to 2010.


  2. #2
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    Default MND to inject 15 new sites into government land sales programme

    MND to inject 15 new sites into government land sales programme

    By S Ramesh and Daryl Loo, Channel NewsAsia | Posted: 14 June 2007 2053 hrs


    SINGAPORE: The Ministry of National Development (MND) said it would inject 15 new sites in the government land sales programme in the second half of this year, in response to the robust growth of the economy and the increase in demand for various types of properties.

    These sites will comprise eight residential sites, two commercial sites, four hotel sites and a white site.

    Twenty-six unsold sites from the first half of this year's land sales programme will also be carried over, bringing the total number of sites available to 41.

    The ministry said these sites could potentially yield about 8,000 private residential units, 6,500 hotel rooms and 354,000 square metres of commercial space.

    This is among the largest amount of space in ten years.

    But property analysts said there is no danger of a glut.

    Nicholas Mak, Consultancy & Research Director, Knight Frank, said: "Currently, there is a supply crunch, both in the number of completed residential units and also in completed office space. This is more of a mid-term planning. It's going to give developers many more choice sites for them to consider. And it's going to give more variety of housing that will come onto the market in a couple of years' time, which means there will be more consumer choices."

    Analysts said most of the attention will be centred on a new white site in the up-and-coming New Downtown around the Marina Bay, which can produce 565 hotel rooms and 85,000 square metres of office space.

    Mr Mak said: "It's likely to attract the attention of quite a few commercial developers because of its location. It is very near to the existing downtown commercial area and very near to the New Downtown. And when it's going to be sold and developed, it's going to be right after the BFC (business and financial centre) is completed, and it will cater to the expected demand that is going to continue into 2010."

    The government will also release a site for an executive condominium in Punggol the first time it is providing such a site since 2004.


    - CNA/so

  3. #3
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    Default Re: Here comes the supply!!!!!!!!!!!!!

    Quote Originally Posted by moneyspinner
    June 14, 2007 Govt land sales to see 15 new sites

    THE Government Land Sales programme will be boosted with 15 new sites in the second half of 2007, in response to increased demand and a healthy economy, said the Ministry of National Development (MND). 'This is in line with the robust growth of the economy and the increase in demand for various properties,' MND said on Thursday.
    The MND said the 15 new sites will be made up of eight residential sites, two commercial sites, four hotel sites and one white site.
    The remaining 26 unsold sites from the first half of 2007 will be carried over to the second half.
    The Government Land Sales programme for the second half of 2007 will consist of 41 sites.
    These sites comprise 20 residential sites, five commercial sites, four white sites, 10 hotel sites and two commercial and residential sites.
    The 41 sites have a potential yield of about 8,000 private residential unites, 354,000sqm GFA of commercial space and 6,500 hotel rooms.
    The programme will continue to have sites in both the confirmed list and the reserve list.
    Sites under the confirmed list are released for tender at a pre-determined date, without the need fort he sale to be triggered by an application.
    Under the reserve list, the Government will only release a site for sale if an interested party submits an application for the site to be put up for tender with an offer of minimum purchase price accepted by the Government, said the MND.
    Confirmed list for 2007 H2
    In response to the market conditions and the need for certain sites to be developed early, a total of 14 sites will be sold through the confirmed list in the second half of 2007, said the MND in the statement.
    Out of 14 confirmed sites, three are new sites and 11 are sites carried over from the first half of 2007. The 14 sites are:
    - Eight residential sites at Sembawang Park, Simon Rd, Enggor St (A), Enggor St (B), Woodlands Ave 2 / Rosewood Dr, Elias Rd / Pasir Ris Dr 3, Boon Lay Way / Yuan Ching Rd and Choa Chu Kang Rd / Woodlands Rd
    - One commercial site at Toa Payoh Lor 6
    - Three white sites at Marina View, Race Course Rd / Rangoon Rd and Serangoon Central
    - Two hotel sites at Upper Pickering St and New Market Rd / Merchant Rd
    Reserve list for 2007 H2
    A total of 27 sites will be on the reserve list for the second half of 2007. These comprise 15 sites carried over from the reserve list of the first half of 2007, and another 12 new sites.
    The 12 new sites comprise:
    - Five residential sites at Alexandra Rd / Tiong Bahru Rd, Toa Payoh Lor 2/3, Yishun Ave 1 / Ave 2, New Upper Changi Rd / Tanah Merah Kechil Ave and Bishan St 14
    - One Executive Condominium (EC) site at Punggol Rd / Punggol Field
    - Four hotel sites at Jln Bt Merah / Alexandra Rd, Jln Besar / Sturdee Rd, Race Course Rd / Bt Timah Rd and Bernam St / Tanjong Pagar Rd
    - Two commercial sites at Jln Sultan and Tampines Concourse
    Supply in pipeline
    For the private housing sector, a total of about 42,200 new private residential units from projects in the pipeline are expected to be completed up to 2010.
    For the office sector, a total supply of about 640,000sqm of office space is expected to be completed up to 2010.
    For the shop and hotel sectors, a total supply of about 610,000sqm of shop space and 9,100 hotel rooms are expected to be completed up to 2010.

    Alamak! All of this will collectively have an effect on prices. So, for those punters out there who've taken on more than they can chew and hoping for a quick buck, they might get really burnt.

  4. #4
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    Default Re: Here comes the supply!!!!!!!!!!!!!

    don't think punters who have mainly been punting in the prime areas will be affected. look at the list - all located in the mass market areas - the very market that has hardly moved in the first place.

  5. #5
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    Question Re: Here comes the supply!!!!!!!!!!!!!

    It will affect those punters that bought Units at Casa Mera since the new plot is directly infront of it. Note there are 2 plots of land at tanjong Pagar so will affect those with Icon. Owners of those who are dreaming of earning big money should probaby start selling now....

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