HDB to release two residential sites at Woodgrove and Serangoon

[sleek]

HDB to release two residential sites at Woodgrove and Serangoon
Posted: 21 September 2010 1336 hrs

SINGAPORE: The Housing & Development Board (HDB) will release two residential sites at Woodlands and Serangoon on Wednesday.

The two sites at Woodlands Avenue 1/Woodgrove Avenue and Upper Serangoon Avenue can potentially yield about 805 dwelling units.

HDB said the two sites will offer home buyers with more housing choices.

The Woodlands site, which is near the Woodlands MRT and regional bus interchange, has an area of 20,948 square metres and is proposed for Strata Landed or Condominium Housing. The maximum permissible gross floor area is 29,327.20 square metres that can potentially yield about 265 units depending on the type of proposed development.

The Serangoon site, which is near Hougang Plaza and Hougang Mall, has an area of 13,000.3 square metres and is proposed for for Condominium Housing. The maximum permissible gross floor area is 45,501.05 square metres that can potentially yield about 540 condominium units.

All the developments will be on a 99-year lease term.

The tenders will close on Nov 4 for the Woodlands site and Nov 9 for the Serangoon site.

HDB said 18 sites have been placed on the Confirmed list and 13 sites on the Reserve List for private residential development under the GLS Programme for the second half of the year to meet the rising demand for private housing and land for private residential development.

They can potentially yield almost 14,000 private residential units, the highest potential supply quantum from any half yearly Government Land Sales Programme since 2001.

Most of these sites are located in Outside Central Region or in locations in the Rest of Central Region where more affordable private housing is expected to be built.

In addition to the two sites, HDB will also be releasing another two new residential sites for Executive Condominium development at Tampines Avenue 8 and Segar Road under the Confirmed List in October 2010. - CNA/fa

[2824]

how near are these 2 sites to the MRT?

[sleek]

Woodgrove Avenue

Upper Serangoon View

[rattydrama]

Woodlands Site : about 1km to MRT either Woodlands or Marsiling.
Can any one guess what will be the price psf ppr?

[proud owner]

Woodlands Site : about 1km to MRT either Woodlands or Marsiling.
Can any one guess what will be the price psf ppr?

seems both sites are not near MRT ... unless they plan to ADD a station somewhere ..

Rivervale site still not so bad... feels more residential ...the HDBs are on one side ..

[azeoprop]

Rosewood suites was selling around 580psf to 620psf for normal 3bedroom units last year...

[DuffyDuck]

The site for Upper Serangoon View will block the wind and view of Rio Vista ....

[proud owner]

Rosewood suites was selling around 580psf to 620psf for normal 3bedroom units last year...

thats when they were 'renting' to american expats ...

but how many are there compared to the available units ..is the big question

so if agents say ...good demand from american school ..BULLSHIT

[devilplate]

gd ....both inferior sites...

woodlands site will be below 300psf for sure and hougang shd be ard 300psf

den news will report say cooling measures works...great

[proud owner]

gd ....both inferior sites...

woodlands site will be below 300psf for sure and hougang shd be ard 300psf

den news will report say cooling measures works...great

wind blows south ....they said our govt's cooling measures EXCELLENT

wind blows north ...they said REAL DEMAND

knn

[devilplate]

thats when they were 'renting' to american expats ...

but how many are there compared to the available units ..is the big question

so if agents say ...good demand from american school ..BULLSHIT

den wat u expect the agts to say?

[hyenergix]

The government is selling a lot of sub-standard location 99 LH lands to developers at high price. Beware of committing to buying units at these locations. Unless you are getting one for own stay. Given that economy cycles are getting shorter and shorter, it may be another 5-10 years before another major recession hits.

[proud owner]

den wat u expect the agts to say?

those agents selling woodlands use American school as selling points...

those selling Seletar sometimes also use American school as selling point ..

in fact for expats ..with families ..Seletar is a better living area than woodlands ..

unless those are the cheapo american expats who shops at Giant and wet market

[rattydrama]

gd ....both inferior sites...

woodlands site will be below 300psf for sure and hougang shd be ard 300psf

den news will report say cooling measures works...great

Yesterday over at ulu sembawang 99LH landed = expected record low price for landed
Woodlands lulu site 99LH = expected record low price for non landed

Is the government cooling down the property market?

Good or no good for us for adopting this method?

[proud owner]

Yesterday over at ulu sembawang 99LH landed = expected record low price for landed
Woodlands lulu site 99LH = expected record low price for non landed

Is the government cooling down the property market?

Good or no good?

the BULLS will say ... those are CRAP locations ...tahts why sold at CRAP prices .. not a good indication of the mkt ..

i guess it both new land sales , condo and landed can come off...it will send a sign to buyers ..who can only afford small quantum, yet die die want to upgrade ..that there will be cheaper alternatives ..

and once that gets thru their think skulls, then the buying frenzy can slow down

[rattydrama]

gd ....both inferior sites...

woodlands site will be below 300psf for sure and hougang shd be ard 300psf

den news will report say cooling measures works...great

300psf ppr + $300 construction cost + $150 profit = $750psf - thats my guess.

[devilplate]

Yesterday over at ulu sembawang 99LH landed = expected record low price for landed
Woodlands lulu site 99LH = expected record low price for non landed

Is the government cooling down the property market?

Good or no good for us for adopting this method?

they want to provide 'affordable housing' be it condo, EC, landed...

on the other hand, they dunwan to crash the market....

so, one way is to sell ulu land site

[Wild Falcon]

I think it's their strategy to convince the people that the cooling measures work So they sell substandard sites far away from MRT like the recent Hougang site. Then some clueless "expert" will compare the lower price with the better sites and conclude that the cooling measures work (when in reality it's the site attributes that r inferior that warrant a lower bid). When these substandard sites do badly at launch, government can again tell the whole world the cooling measures work!

The government is selling a lot of sub-standard location 99 LH lands to developers at high price. Beware of committing to buying units at these locations. Unless you are getting one for own stay. Given that economy cycles are getting shorter and shorter, it may be another 5-10 years before another major recession hits.

[proud owner]

I think it's their strategy to convince the people that the cooling measures work So they sell substandard sites far away from MRT like the recent Hougang site. Then some clueless "expert" will compare the lower price with the better sites and conclude that the cooling measures work (when in reality it's the site attributes that r inferior that warrant a lower bid). When these substandard sites do badly at launch, government can again tell the whole world the cooling measures work!

yep

just like launching ERP during school holidays ... when 10 pct of work force go on holiday with their children ...then they say ERP works , it does control traffic flow ...

idiots

[rattydrama]

they want to provide 'affordable housing' be it condo, EC, landed...

on the other hand, they dunwan to crash the market....

so, one way is to sell ulu land site

sensible post.

maybe can also chiong for lulu projects, buy few and split the risk cos the price in city areas is 3x the price of lulu projects.

Woodlands/Sembawang condo price around 550psf
City Area condo $1800psf

singapore is small. government aim to up population. expats housing allowance easing down, expats taking local terms..., cheap weekend car ownership.....

[peterng8]

I think it's their strategy to convince the people that the cooling measures work So they sell substandard sites far away from MRT like the recent Hougang site. Then some clueless "expert" will compare the lower price with the better sites and conclude that the cooling measures work (when in reality it's the site attributes that r inferior that warrant a lower bid). When these substandard sites do badly at launch, government can again tell the whole world the cooling measures work!

yeah, than those clueless expert who has predicted up to 50% price down will say their prediction is correct and the cooling measures work...

than media will start to focus on this PORTION of perceived bad news and emphasize on it to create negative thoughts...herds of people who not so sure will be influenced by all this news and sentiments affected...once setiments affected..price increase will not be so promising for whole market...looks like a whole Consp**acy..

[Condorich]

yeah, than those clueless expert who has predicted up to 50% price down will say their prediction is correct and the cooling measures work...

than media will start to focus on this PORTION of perceived bad news and emphasize on it to create negative thoughts...herds of people who not so sure will be influenced by all this news and sentiments affected...once setiments affected..price increase will not be so promising for whole market...looks like a whole Consp**acy..

You don't sound like clueless at all.

I like your Consp**acy idea.

So Sembawang site will be poorest response and psf at about $300 only... ?

[rattydrama]

yeah, than those clueless expert who has predicted up to 50% price down will say their prediction is correct and the cooling measures work...

than media will start to focus on this PORTION of perceived bad news and emphasize on it to create negative thoughts...herds of people who not so sure will be influenced by all this news and sentiments affected...once setiments affected..price increase will not be so promising for whole market...looks like a whole Consp**acy..

Good point. It brings out poor market sendiments next year and fewer of us will want to commit. Ups and downs is good but if prolong stagnant not so good leh.

government selling parcels and parcels of lands
governeent building/releasing lots and lots of EC, DBSS, BTO, etc.
government upgrading sections and sections of older estates

What about re-sale market?
lesser willing buyer and willing seller, not so fun liao. (sell more like no choice???)

No wonder stock market chiong now. especially genting stock.

[rattydrama]

You don't sound like clueless at all.

I like your Consp**acy idea.

So Sembawang site will be poorest response and psf at about $300 only... ?

for Woodlands, my feel is psf 300 or less is possible if next year market is affected by poor sentiment cos its not near mrt at all.

Remember Jurong West plot near expressway no takers...