Release of first half 2018 Government Land Sales (GLS) Programme

[bargain hunter]

https://www.ura.gov.sg/uol/media-room/news/2017/Dec/pr17-85

[SGPropertyKaki]

Why the 1H18 Government Land Sales announcement can be good for the market

https://singaporepropertykaki.com/2017/12/13/why-the-1h18-government-land-sales-announcement-can-be-good-for-the-market/

[PropVestor]

For the 1st half 2018, it is quite clear that the land under GLS confirmed list are OCR centric (other than Peck Seah Street). This is an advantage to those gunning for new sales, resales and en-bloc for CCR and RCR. There is no good or bad but the tide favouring certain districts more than the others.

[Arcachon]

For the 1st half 2018, it is quite clear that the land under GLS confirmed list are OCR centric (other than Peck Seah Street). This is an advantage to those gunning for new sales, resales and en-bloc for CCR and RCR. There is no good or bad but the tide favouring certain districts more than the others.

Mattar Road not bad.

https://scontent.fsin3-1.fna.fbcdn.net/v/t1.0-9/25152227_10212141033734005_7142845164346086363_n.jpg?oh=e474c3bdd7f12e032532691faba8f1f6&oe=5A907E3E

[Arcachon]

Status of the GLS Programme for the Second Half of 2017 (2H2017)
(as at 13 December 2017)

1 The second half of 2017 (2H2017) GLS Programme comprised 16 sites, of which six are on the Confirmed List and 10 are on the Reserve List.

2 To date, tenders for four Confirmed List sites are on-going and the remaining two Confirmed List sites will be launched in later part of December 2017.

3 The Reserve List sites at Jiak Kim Street, Fourth Avenue and West Coast Vale have been successfully triggered. The tenders for the Jiak Kim Street and Fourth Avenue sites have been awarded on 8 December 2017 while the West Coast Vale site will be sold by February 2018.

4 As a result, a total of seven sites [i.e. six residential sites and one commercial site] remain on the 2H2017 Reserve List and will be carried over to the first half 2018 (1H2018) GLS Programme.

https://www.ura.gov.sg/uol/-/media/User%20Defined/URA%20Online/media-room/2017/Dec/pr17-85b.pdf

[Arcachon]

https://www.ura.gov.sg/uol/media-room/news/2017/Dec/pr17-85

Release of first half 2018 Government Land Sales (GLS) Programme
The Government today announced the first half 2018 (1H2018) Government Land Sales (GLS) Programme, which comprises six Confirmed List sites and nine Reserve List sites. These sites can yield about 8,045 private residential units and 63,960 sqm gross floor area (GFA) of commercial space (see Appendix 1 & Appendix 2 [PDF, 7kb]).

The six Confirmed List sites are private residential sites [including one Executive Condominium (EC) site] which can yield 2,775 private dwelling units (including 450 EC units) and 4,450 sqm GFA of commercial space.

The Reserve List comprises eight private residential sites (including two EC sites) and one commercial site. These sites can yield 5,270 private dwelling units (including 1,255 EC units) and 59,510 sqm GFA of commercial space, mostly for office use.

Supply of Private Housing

In working out the supply for the 1H2018 GLS Programme, the Government had taken into consideration several factors.

On the one hand, there is strong demand for sites by real estate developers, and a pick-up in transaction volumes. On the other hand, there is a large potential supply of around 20,000 units from awarded en-bloc sale and GLS sites that have not yet been granted planning approval, on top of the around 18,000 unsold units that already have planning approval. Moreover, there are more than 30,000 existing private housing units that remain vacant.

Therefore, on balance, the Government has decided to keep the total supply of units for 1H2018 at about the same level as the supply of units from the 2H2017 GLS Programme.

Taken together, the total supply in the pipeline, including the units from the 1H2018 GLS Programme, will be adequate to meet the purchase demand for new private housing from home buyers over the next 1-2 years. When these are completed, the overall stock of private housing will be more than sufficient to meet Singaporeans’ housing needs.

Supply of Commercial Space

The 1H2018 Reserve List will have one site at Woodlands Square for a mixed-use development comprising mainly office space. This site will allow developers to initiate the development of more office space if they assess that there is demand.



Published Date: 13 Dec 2017

[Arcachon]

SINGAPORE: Six Confirmed List sites and nine Reserve List sites will be released as part of the first half 2018 Government Land Sales (GLS) Programme, the Government announced in a press release on Wednesday (Dec 13).

These sites can yield about 8,045 private residential units and 63,960 sq m gross floor area (GFA) of commercial space.

The six Confirmed List sites are private residential sites - including one executive condominium (EC) site which can yield 2,775 private dwelling units (including 450 EC units) and 4,450 sq m GFA of commercial space.

The Reserve List comprises eight private residential sites (including two EC sites) and one commercial site.

These sites can yield 5,270 private dwelling units (including 1,255 EC units) and 59,510 sq m GFA of commercial space, mostly for office use.

Residential sites on the Confirmed List include sites at Silat Avenue, Cuscaden Road and an EC site at Canberra Link, while residential sites on the Reserve List include sites at Canberra Drive and two EC sites at Tampines Avenue 10 and Anchorvale Crescent.

The first half 2018 GLS Programme Reserve List will also have a commercial site at Woodlands Square for a mixed-use development comprising mainly of office space.

Seven sites - six residential sites and one commercial sites - remain on the second half of 2017 GLS Programme Reserve List and will be carried over to the first half 2018 GLS Programme.
"SEVERAL FACTORS" TAKEN INTO CONSIDERATION

Several factors were taken into consideration in working out the supply for the first half 2018 Government Land Sales Programme, said the press release.

These including balancing strong demand for sites by real estate developers and a pick-up in transaction volumes with a large potential supply of around 20,000 units from awarded en-bloc sale and GLS sites that have not yet been granted planning approval.

This is in addition to about 18,000 unsold units that already have planning approval.

There are also more than 30,000 existing private housing units that are still vacant, the press release added.

Therefore the Government has decided to keep the total supply of units for the first half 2018 GLS Programme "at about the same level" as the supply of units from the second half 2017 GLS programme, it said.

This will be adequate to meet the purchase demand for new private housing from home buyers over the next one to two years, it added.

Ms Tricia Song, director and head of research, Singapore, Colliers International, said the Government's direction was within expectations.

The land releases in the first half of 2018 provides "varied options for developers" in terms of location and will "complement" offerings on the collective sale market.

"We believe collective sale sites that have strong attributes and are well located will continue to appeal to developers and future home buyers."

Read more at https://www.channelnewsasia.com/news/singapore/15-sites-to-be-released-in-first-half-2018-government-land-sales-9494230