Last Thursday 27 May, HDB as well as URA introduced two even more property sites at Jalan Tembusu and also Tampines Street 62 (Parcel B) as part of the H1 2021 Government Land Sales (GLS) program.
Both belong to the Get List. While programmers can look for these websites, they’re not released for tender instantly, unlike those on the Confirmed Listing. These sites will just be set up for tender when developers have bid for a price accepted by the federal government.
On the other hand, sites on the Confirmed Checklist are introduced on schedule no matter need.
High developer need for land
This launch comes after the record-setting quote 2 days earlier on 25 May for a GLS website in Tengah, which will be the very first EC in the estate. So it comes as not a surprise that the leading quote, at S$ 400.32 million, or S$ 603.17 per sq ft per plot proportion from City Advancement (CDL) as well as MCL Land, is a document bid for an EC.
What’s one-of-a-kind regarding this EC site is that it will be within walking range to Tengah Town Centre, where Tengah MRT will be. Up until now, ECs are typically far from the MRT. So its proximity to the MRT is most likely additionally why the website attracted 7 proposals.
Yet the site that’s more exciting is the apartment website at Ang Mo Kio, which obtained 15 quotes. The winning quote is additionally the highest possible quote at S$ 381.38 million or virtually S$ 1,118 per square foot per story proportion, which is thought about high for a website in the OCR. The quote came from a joint endeavor between UOL Team, Singapore Land Team, and Kheong Leong Company who developed Parc Clematis.
Yet maybe for a website that’s within walking distance to the upcoming Mayflower MRT as well as within 1km of 2 prominent colleges, Ai Tong as well as CHIJ St Nicholas, the high bid might just be worth it for the designers, must know about the Parc Clematis balance units. Just how much individuals want to pay in the long run is another story.
As the variety of unsold devices is decreasing, programmers require to replenish their land financial institutions. One method to do so is by bidding process for GLS sites. Besides the sites on the Confirmed Checklist and view Parc Clematis Showflat, designers currently have more choices with these sites on the Book List.