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Subscribe to this list via RSS Blog posts tagged in Government land Sales for Private Residential

Punggol waterfront development shaping up

Posted by Property Launch Invest on Saturday, 23 November 2013 in Property News

Punggol is rapidly developing into a major commercial and residential hub, underlined by strong interest for the new Watertown development.

Over at the upcoming retail mall Waterway Point, supermarket NTUC FairPrice Finest and Shaw Theatres have signed on as anchor tenants.

Foreign buying and speculation in property market has shrunk: Khaw

Posted by Property Launch Invest on Friday, 15 November 2013 in Property News

Since aggressive cooling measures to deter foreigners from buying Singapore property were implemented, their numbers have fallen to 330 in the third quarter of this year, making up 7 per cent of private property transactions.

This is a sharp fall from the 17 per cent of transactions they accounted for in 2011, said National Development Minister Khaw Boon Wan in Parliament on Tuesday.

In December of that year, a 10 per cent additional buyers' stamp duty was levied on all property purchases by foreigners.

Executive condominium land price hits all-time high

Posted by Property Launch Invest on Thursday, 07 November 2013 in Property News

SINGAPORE — The price of executive condominium (EC) land has hit a record high as developers bid aggressively in anticipation of strong demand for such hybrid public-private housing, casting doubt on the Government’s efforts to moderate bidding by having site tenders close at the same time.

For the first time, the tender for three EC sites closed on the same day yesterday, but the top bid for a site in Jurong translated to S$418.53 per sq ft per plot ratio, breaking the S$400 psf ppr barrier and the previous high of S$392.45 psf ppr more than two years ago. The other two tenders for sites in Punggol also attracted strong bids.

Punggol is set to Boom

Posted by Property Launch Invest on Thursday, 24 October 2013 in Property News

SINGAPORE – After a difficult start – hampered by the Asian financial crisis some 15 years go – the development of Punggol housing estate has picked up pace in recent years.

Yesterday, the Government announced plans to transform Punggol into Singapore’s largest housing estate, with seven new districts for waterfront housing, as well as abundant to soften its projected high density.

Under the second phase of development – which will take place over the next 15 years and beyond – the number of public housing units in Punggol will increase by almost four-fold, from the current 26,000 to 100,000. About 48,000 new units are slated for completion by 2016.

“Punggol Town will be big … Punggol will be twice of what Ang Mo Kio is today,” said National Development Minister Khaw Boon Wan.

Coming: Waterwoods EC Punggol

Land sold for Anchorvale Crescent EC coming 2014,

Land sold for Punggol Central EC coming 2014,

Land sold for Punggol Drive EC coming 2014

Cracks in EC prices' glass ceiling

Posted by Property Launch Invest on Wednesday, 23 October 2013 in Property News

SINGAPORE - Tenders for three executive condominium (EC) sites will close on the same day - July 30. This unprecedented timeline has been designed by the Government to moderate tender bids and rein in private property price growth.

The previous practice of staggering deadlines allowed developers to wait and see if they won one tender before submitting a bid for the next. But they will now likely choose only one or two sites to bid for rather than risk winning all three at the same time.

It will be a keenly watched event as observers track if the new move will bring down the number of bids per site and affect the quantum of the winning bids, given the bullish offers for recent state tenders and the strong take-up rate for ECs.

New town could be built when Paya Lebar Air Base moves to Changi: analysts

Posted by Property Launch Invest on Sunday, 13 October 2013 in Property News

SINGAPORE: Property analysts expect a new town to be built on the area once Paya Lebar Air Base has moved to Changi.

Prime Minister Lee Hsien Loong had announced that a new military airbase and fourth runway will be built at Changi East.

800 hectares will be freed up -- an area bigger than Bishan and Toa Payoh.

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