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PR Newswire
09-06-2016, 06:50 PM
Source: propertyguru
The government on Wednesday (8 June) launched four confirmed list sites and 11 reserve list sites under the second half 2016 Government Land Sales (GLS) Programme.
These sites could yield a total of 7,550 private housing units and 277,100 sq m gross floor area (GFA) of commercial space, revealed the Ministry of National Development (MND). This is close to the 7,420 units in the first half 2016 GLS Programme.
The confirmed list sites include three residential plots at Fernvale Road, Perumal Road and West Coast Vale, and one mixed-use site at Upper Serangoon Road. These sites could generate about 2,170 homes and 15,500 sq m GFA of commercial space.
The predominantly residential site at Upper Serangoon Road will provide retail amenities for the residents of Bidadari HDB estate, said the MND.
The 2,170 units in the confirmed list is higher than the 1,560 units launched in the confirmed list in the first half of 2016, but is close to the total supply of 2,130 units from the GLS Programme in the first half of the year, which resulted from the sale of a reserve list site in February.
Meanwhile, the reserve list includes seven residential sites (including one EC site), one commercial and residential site, two commercial sites and one white site. These sites could yield about 5,380 residential units (including 780 EC units), and 261,600 sq m of commercial space.
The reserve list includes three sites at Beach Road, Woodlands Square and Central Boulevard for mixed-use developments comprising mainly office space.
According to the Urban Redevelopment Authority (URA), confirmed list sites are launched for sale at pre-determined dates and mostly sold through tenders. Sites on the reserve list will only be put up for tender when a developer offers a minimum price which is accepted by the government.
The government on Wednesday (8 June) launched four confirmed list sites and 11 reserve list sites under the second half 2016 Government Land Sales (GLS) Programme.
These sites could yield a total of 7,550 private housing units and 277,100 sq m gross floor area (GFA) of commercial space, revealed the Ministry of National Development (MND). This is close to the 7,420 units in the first half 2016 GLS Programme.
The confirmed list sites include three residential plots at Fernvale Road, Perumal Road and West Coast Vale, and one mixed-use site at Upper Serangoon Road. These sites could generate about 2,170 homes and 15,500 sq m GFA of commercial space.
The predominantly residential site at Upper Serangoon Road will provide retail amenities for the residents of Bidadari HDB estate, said the MND.
The 2,170 units in the confirmed list is higher than the 1,560 units launched in the confirmed list in the first half of 2016, but is close to the total supply of 2,130 units from the GLS Programme in the first half of the year, which resulted from the sale of a reserve list site in February.
Meanwhile, the reserve list includes seven residential sites (including one EC site), one commercial and residential site, two commercial sites and one white site. These sites could yield about 5,380 residential units (including 780 EC units), and 261,600 sq m of commercial space.
The reserve list includes three sites at Beach Road, Woodlands Square and Central Boulevard for mixed-use developments comprising mainly office space.
According to the Urban Redevelopment Authority (URA), confirmed list sites are launched for sale at pre-determined dates and mostly sold through tenders. Sites on the reserve list will only be put up for tender when a developer offers a minimum price which is accepted by the government.