Govt Land Sites Can Yield 2,380 Private Homes

SINGAPORE: The Urban Redevelopment Authority or the URA and the Housing & Development Board (HDB) are releasing six residential sites for sale in April 2012.

The aim is to give Singapore property developers and home-buyers with more options for private housing.

In a statement, the URA said that collectively, the six sites will give way to  about 2,380 units as part of the total 14,100 residential units to be released under the Government Land Sales (GLS) Programme for 1st half 2012 (1H2012).

The three land parcels at Sengkang Square, Buangkok Drive and Pasir Ris Drive 3, which can yield about 1,780 housing units, will be opened for sale this coming Monday under the Confirmed List.

In addition, two additional residential sites at Alexandra View and Farrer Drive will in addition be made accessible on Monday for application on the Reserve List.

For the meantime, the land parcel located at Farrer Road will be released for sale on the Reserve List on April 30.

Furthermore, new home sales in Singapore continued to be strong last month.

A total of 3,032 units of new homes were disposed last March, and of which 2,393 were private homes and at the same time the rest were made up of executive condominiums.

The 2,393 units of private homes sold last month were marginally lower than the 2,413 units transacted in February.

In March, the star performers were Ripple Bay which sold 326 units, and then followed by The Minton with 118 units sold and finally the Riversound Residences which sold 115 units.

All the top-selling projects are to be found in the suburban areas.

With regards to executive condominiums, the number of units transacted also dipped slightly – from 725 units in February to 639 in March.

The best selling EC projects last month were Twin Waterfalls, with 369 units changing hands, and The Tampines Trilliant with 153 units sold.

A total of 8,247 units of new homes that includes executive condominiums were sold for the first quarter.

Exclusive Free Casino Bonuses


Free Casino Bonuses? Join us here