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Subscribe to this list via RSS Blog posts tagged in Land sold for Punggol Central EC coming 2014

Singapore to launch 23 sites for sale in 1H2014: MND

Posted by Property Launch Invest on Thursday, 19 December 2013 in Property News

Singapore will be releasing eight confirmed list sites and 15 reserve list sites under its first-half 2014 government land sales (GLS) programme.

The Ministry of National Development (MND) said on Wednesday that these sites can yield up to 11,600 private homes.

These include 2,800 executive condominium (EC) units and 193,000 sqm gross floor area (GFA) of commercial space.

Govt cuts land sales under weight of supply

Posted by Property Launch Invest on Thursday, 19 December 2013 in Property News

For H1 2014, MND will launch through confirmed list eight sites that can generate 4,630 private homes

[SINGAPORE] The 4,630 private homes that can be generated from the confirmed list sites slated for launch by the government in H1 next year is not only down 22.3 per cent from the current H2 2013 slate but is also the lowest half-yearly quantum since H1 2010, when the figure was 2,925 units.

Across the board, the Ministry of National Development (MND) is scaling back the Government Land Sales (GLS) Programme for private housing, commercial and hotel sites for the first six months of 2014 to factor in the large supply pipeline. The move is seen as an attempt to engineer a soft landing.

Buyers in tizzy over possible EC tweaks

Posted by Property Launch Invest on Saturday, 16 November 2013 in Property News

Uncertainty over subsidies after minister hints at scheme changes

POSSIBLE changes to the executive condominium(EC) scheme, hinted at by National Development Minister Khaw Boon Wan recently, have got buyers and developers worried.

Some are bracing themselves for a cut or even removal of Government subsidies for first-time applicants. Others predict the uncertainty could drive up demand for new launches.

Last Thursday, Mr Khaw told participants at an Our Singapore Conversation dialogue that the EC scheme cannot continue as it is.

Development boost for northern S'pore

Posted by Property Launch Invest on Saturday, 16 November 2013 in Property News

THE mature industrial area in Singapore's north has a well-established record for attracting buyers, given its proximity to the Causeway and Johor Baru.

Now the area is set to become an even more compelling business proposition, with a big boost in economic activity and development on the cards.

Plans are under way to develop a major commercial belt stretching from Woodlands to Punggol, known as the North Coast Innovation Corridor.

Punggol likely to have more private homes than other areas

Posted by Property Launch Invest on Wednesday, 13 November 2013 in Property News

THE fast-growing area of Punggol could end up with a greater proportion of private homes than in other parts of the country.

Private units average about 18 per cent of the housing mix across the country but one expert tips that it could go as high as 25 per cent in Punggol "as aspirations of people grow".

Punggol waterfront development shaping up

Posted by Property Launch Invest on Tuesday, 12 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 (pictured), supermarket NTUC FairPrice Finest and Shaw Theatres have signed on as anchor tenants.

The FairPrice Finest outlet will occupy around 30,000 sq ft of retail space and provide a variety of quality products and value-added services. It will be the 10th of its kind in Singapore and the second 24-hour Finest outlet after Serangoon Gardens.

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.

Khaw hints at changes in EC scheme

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

SINGAPORE: National Development Minister Khaw Boon Wan has said the government loses "hundreds of millions" of dollars when constructing public flats.

He made the point on Thursday night at a dialogue session on housing issues.

This comes amid calls from some quarters for land costs to be taken out from the pricing of public flats to make them more affordable.

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.

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