Government Land Sales Programme – 1H2023 Tengah Plantation
Those who are looking to purchase a property in Tengah Plantation will be glad to know that the government is planning to sell the land in the first half of 2023. The land, which is situated near Kampong Bugis, is part of the Reserve List and will be sold under the government’s Land Sales Programme.
Reserve List site at Kampong Bugis has been removed from 1H2022 Reserve List
Previously, the Reserve List site at Kampong Bugis was on the 1H2022 Government Land Sales Programme Reserve List. However, due to delays in soil remediation work, the site was removed. This will allow the Master Developer to develop a comprehensive master plan for this site.
This site, which is located at the mouth of the Kallang River, will be developed into a people-centric waterfront residential precinct with a lively waterfront park, new community facilities, a storm water treatment system and a pneumatic waste conveyance system. The site also allows for development in phases.
It is estimated that the site will yield 385 homes. There will also be shops and services available for residents’ personal needs. There will be recreational facilities, parks and playgrounds, and even childcare centres.
Reserve List site at Tengah Plantation Loop has been added to 1H2023 Reserve List
Several new sites have been awarded to developers for their development projects. These include one site that will be added to Tampines Avenue 11 and another that will be added to Tengah Plantation Loop. The latter is a new residential estate that is closest to Chinese Garden on the East West Line.
The site is expected to be launched by 2020. It is located adjacent to the Beauty World Plaza and is opposite the Jalan Anak Bukit mixed-use development. The development includes 120 residential units. The average price of the units was estimated at $2,150 to $2,200 psf.
The site is also located near many schools and is expected to be a sustainable car-lite estate. It is a good fit for the authority’s vision for CBD revitalization. It will be a mixed-use development that is estimated to have a GFA of 11,250 sqm.
Reserve List site at Paya Lebar Airbase has been removed from 1H2022 Reserve List
Currently, the Urban Redevelopment Apec 2009 Properties has announced fourteen sites for the GLS Programme in 2H2022. There are five residential sites and one hotel site on the reserve list. The first sale site in 2H2022 will be in the Marina South precinct. This will include shops, parks and recreational facilities. It also has a good location, overlooking the Straits of Singapore and the Marina Reservoir.
The Urban Redevelopment Apec 2009 Properties has a website that provides a wealth of information on upcoming real estate developments. The site is particularly useful when considering a potential purchase of land in this government land sale (GLS) dominated market. Using the URA Space tool, you can easily see upcoming GLS sites on a map. You can also see past GLS sites.
ECs are not subject to the additional buyer’s stamp duty
ECs are hybrid developments that combine the features of private condos and HDB properties. These residential units are available only to Singaporeans. They are priced at a significant discount from the market price of private condos.
In addition to offering the benefits of condominiums, ECs are also green, with green roofs and rainwater collection systems. They also boast a modern public transport system. There are also recreational facilities for residents to enjoy. Many ECs offer government grants for first-time applicants.
ECs have a limit to how many units can be purchased, so they are not guaranteed to sell quickly. However, prices are expected to remain attractive. They continue to attract prospective buyers looking for affordable homes in suburban areas.
One of the latest ECs to launch in Singapore is the Tengah Executive Condo. It is located in Jurong, just next to Bukit Batok and is close to a number of amenities. The developer is MCL Land, one of Singapore’s most established property developers.
Reserve List site at Tengah Plantation Loop is an up-and-coming residential estate
Located near Bukit Batok Central Park, Tengah Plantation Loop EC @ Tengah is the newest executive condominium development in Singapore’s District 24. This development is designed with the well-being of residents in mind. The project is equipped with green features and smart home technologies. It is also close to several entertainment facilities and major expressways. The development is also located near the Pan Island Expressway.
The development is in line with the authority’s vision of a revitalized CBD. It will feature residential, commercial and hotel uses. The project will consist of twelve blocks of up to fourteen storeys.
The site is expected to attract healthy bids. The development is close to the Downtown Line, and will be well connected to various parts of Singapore. It is also positioned to become a sustainable car-lite estate. The development is also in close proximity to a polyclinic and schools.