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TWO plum sites - Jalan Anak Bukit for mixed development and Tanah Merah Kechil Link residential site - have been offered in the latest Government Land Sales (GLS) programme for 1H 2020.
There is also a site in Yishun for developers to bid to build an EC, this will be the first EC plot in the area to be offered for the GLS since 2014, after The Criterion and Signature at Yishun, so homeowners who would love to own an EC in Yishun will be very happy.
There is also a site in Yishun for developers to bid to build an EC, this will be the first EC plot in the area to be offered for the GLS since 2014, after The Criterion and Signature at Yishun, so homeowners who would love to own an EC in Yishun will be very happy.
The confirmed list for H12020 has three new sites on it - two private residential sites (including an executive condominium or EC site), and a commercial and residential site.
The three confirmed-list sites - the lowest in five years - can accommodate only 1,775 residential units, compared with five such sites with 1,715 units for this half of the year.
The amount of private residential housing under the Government Land Sales (GLS) programme has been kept largely unchanged for the first half of next year helping to stabilise the property market in the face of slowing economic growth, supply and moderating bids by developers in the wake of cooling measures.
There are only three sites on the confirmed list for the first half next year, with most plots on the reserve list, which may not be triggered for sale. The three confirmed-list sites and eight reserve-list plots could yield about 6,490 private homes in all but 4,715 of these are on reserve-list land. The potential total supply also includes 1,070 hotel rooms and 114,000 sq m in gross floor area (GFA) of commercial space, which is 24 per cent higher than the 92,000 sq m for the second half of this year.
The amount of private residential housing under the Government Land Sales (GLS) programme has been kept largely unchanged for the first half of next year helping to stabilise the property market in the face of slowing economic growth, supply and moderating bids by developers in the wake of cooling measures.
There are only three sites on the confirmed list for the first half next year, with most plots on the reserve list, which may not be triggered for sale. The three confirmed-list sites and eight reserve-list plots could yield about 6,490 private homes in all but 4,715 of these are on reserve-list land. The potential total supply also includes 1,070 hotel rooms and 114,000 sq m in gross floor area (GFA) of commercial space, which is 24 per cent higher than the 92,000 sq m for the second half of this year.
Parc Esta is a hot selling new condo within 3-mins walk to Eunos MRT station next to the bus interchange
The three confirmed-list sites for next year comprise two pure residential plots - one in Tanah Merah Kechil Link and one executive condominium (EC) site in Yishun Avenue 9 - and one commercial and residential parcel in Jalan Anak Bukit in Bukit Timah. They could yield 1,775 dwelling units and 22,000 sqm of commercial space.
Huttons Asia Real Estate's Kiwi Lim believes that "out of these 2 plots of land (excluding the EC plot), the Tanah Merah Kechil Link site will most probably attract the most number of bids from developers because it is very near to Tanah Merah MRT station and its size of 310 residential units, which makes it easier for smaller developers to bid as well."
The Jalan Anak Bukit site is also very attractive being it proximity to Beauty World MRT station but due to its large size, this project may only appeal to developers with deep pockets. The government is also planning an urban transformation of the Beauty World area.
Huttons Asia Real Estate's Kiwi Lim believes that "out of these 2 plots of land (excluding the EC plot), the Tanah Merah Kechil Link site will most probably attract the most number of bids from developers because it is very near to Tanah Merah MRT station and its size of 310 residential units, which makes it easier for smaller developers to bid as well."
The Jalan Anak Bukit site is also very attractive being it proximity to Beauty World MRT station but due to its large size, this project may only appeal to developers with deep pockets. The government is also planning an urban transformation of the Beauty World area.
Linq at Beauty World is a rare upcoming freehold new condo (formerly Goh & Goh Building) next to Beauty World MRT near Beauty World Centre and Bukit Timah Shopping Centre.
Business Times Online Article - 4 Dec 2019: "Two plum sites in latest land sales; Bt Timah plot to revive Jln Anak Bukit vicinity"
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