HDB releases two residential sites for sale
HDB has released residential sites at Yio Chu Kang Road and Sumang Walk for sale.
The Yio Chu Kang Road site is available for sale by public tender under the Confirmed List of the Government Land Sales Programme for 2H2015. It has an area of 198,302 sq ft and a maximum permissible gross floor area (GFA) of 555,246 sq ft, which can potentially yield 520 housing units.
Separately, the Sumang Walk site has been released for application under the Reserve List. It has an area of 291,232 sq ft and a maximum GFA of 873,697 sq ft, which can yield an estimated 820 housing units.
The tender for the land parcel in Yio Chu Kang Road will close at 12 noon on February 18, 2016.
Update: The Hundred Palms Residences, Yio Chu Kang Road new EC launch by Hoi Hup Realty will commence E-Application in 3rd Quarter 2017.
Government announced GLS sites for second half of 2015
The Ministry of National Development has announced the 2H2015 Government Land Sales Programme (GLS Programme) sites today. A total of four Confirmed List sites and 13 Reserve List sites were put up. They can yield up to 7,825 residential units, including 1,340 Executive Condominium (EC) units, and 277,580 sqm gross floor area (GFA) of commercial space.
The Confirmed List comprises just three private residential sites at Alexandra View, Clementi Avenue 1 and Siglap Road, that can yield about 1,610 units. In addition, it includes one EC site at Yio Chu Kang Road that can yield about 520 units.
The Reserve List comprises seven private residential sites and one EC site, two commercial & residential sites, two commercial sites and one white site. These sites can generate about 5,695 private residential units and 275,580 sqm of commercial space.
Compared to 2014, the total residential supply made available in 2015 via both Confirmed List and Reserve List sites, has fallen by 3,282 units or about 19%. A total of 14,218 private residential units were put up on the GLS Programme in 2015 compared to 17,500 units last year. Similarly, there were only 2,350 EC units put up this year, down 5% from 4,300 units in 2014.
Under the Confirmed List, the private residential supply has fallen by 660 units or 14% from 4,800 units to 4,140 units while EC supply has fallen by 2,690 units or 73% from 3,700 EC units to 1,010 EC units.
New executive condo at Yio Chu Kang Road, Hundred Palms Residences, is expected to receive overwhelming response when it is opened for E-Application in 3Q17.