16
27 residential sites for the
2H2012 Government
Land Sales Programme
By Heng Chan Yeng
15 Confirmed List sites and 24 Reserve
List sites will be made available in
the Government Land Sales (GLS)
Programme for the second half of
2012 (2H2012). These sites can yield
about 14,200 private residential
units, including 3,100 Executive
Condominium (EC) units, 388,000 sqm
gross floor area (GFA) of commercial
space and 3,700 hotel rooms.
The Government has placed 13 sites1
for private residential development
on the 2H2012 Confirmed List which
can yield about 7,100 residential units.
This is comparable to the supply made
available on the Confirmed List in the
first half 2012 (1H2012). The 2H2012
GLS Programme has a total of 27 sites
for residential development, including
6 EC sites and one commercial
and residential site. Together, they
can generate about 14,185 private
residential units (including 3,100 EC units).
Most of the private residential sites in
the 2H2012 GLS Programme, including
the 6 EC sites, are located in Outside
Central Region2 or in locations in
Rest of Central Region where more
affordable private housing is expected
to be built. There is also a large supply
of about 86,000 private housing units
(including about 7,000 EC units) in the pipeline, of which about 38,000
units (including 1,800 EC units) are still unsold.
Attractive commercial sites
A commercial site at Venture Avenue
with a minimum office GFA quantum
will be added to the 2H2012 Confirmed
List to cater to users who need more
affordable office space outside the
Central Business District. It will also
help to continue the momentum to
develop Jurong Gateway into a vibrant
commercial hub.
In addition, the 2H2012 Reserve
List will have three sites for office
developments. The commercial site at
Sims Avenue/Tanjong Katong Road
and the white site at Marina View,
which are already available in the
1H2012 Reserve List, will be carried
over to the 2H2012 Reserve List. URA
has revised the sale conditions for the
Sims Avenue/Tanjong Katong Road
site after taking into consideration
market feedback3.
(1) This includes a commercial and residential site at
Yishun Ring Road/Yishun Ave 9.
(2) O utside Central Region refers to areas located
outside of the Central Region. The Central
Region covers the postal districts 9, 10, 11,
Downtown Core Planning Area and Sentosa. The
Rest of Central Region refers to the areas within
the Central Region but is outside of the postal
districts 9, 10, 11, the Downtown Core Planning
Area and Sentosa. The Core Central Region
refers to the postal district areas 9, 10 and 11,
Downtown Core and Sentosa. A map showing
these areas is available at http://spring.ura.gov.
sg/lad/ore/login/map_ccr.pdf
A new commercial site at Cecil Street
will also be added to the 2H2012
Reserve List. Together, these three
sites will provide opportunities for the
market to initiate more office space
over and above the 762,000 sqm GFA4
of office space in the pipeline, if there
is demand.
(3) Key changes include removal of the minimum
hotel use requirement and allowing some
residential use to give greater flexibility for the
developer to propose the mix of uses for the
site. For instance, under the new conditions the
developer may choose to opt for an integrated
office-retail-residential development, an officeretail-hotel development or an office-retail
development. Single ownership for both the
office and retail space will also be required to
ensure better integration and management of
this mixed use development.
The commercial site at Punggol Point
will be transferred from the 1H2012
Reserve List to the 2H2012 Confirmed
List. Located near Punggol Point Walk
and Punggol Point Park, it has the
potential to be developed into a rustic
seaside dining destination.
(4) The 762,000 sqm GFA of office space are from
new development and redevelopment projects
that have been granted planning approvals, i.e. either PP or WP, as at 1st Quarter 2012. More supply will also come from projects that
are pending approvals such as the Choon Guan
Street site and the 6 plots of land at Marina Bay
and Ophir Road/Rochor Road development by
M+S Pte Ltd.
The GLS Programme is reviewed
regularly to ensure that there is a
sufficient supply of land to meet
demand for economic growth and
to maintain a stable and sustainable
property market. Sites in the GLS
Programme are released through two
main systems — the Confirmed List
and the Reserved List. Confirmed List sites are released on a fixed, pre-determined date; while a site on
the Reserve List will only be released
for sale if the criteria for triggering the sale of the site are met5.
(5) The Government will put up a Reserve List site
for public tender if it receives an application
from a developer who commits, by signing an
agreement and paying a deposit of 3% of the bid
price, to bid for the site at or above the minimum
price which is acceptable to the Government.
The Government will also consider launching a
Reserve List site for sale if it receives sufficient
market interest for the site. A site is deemed to
have received sufficient market interest if more
than one unrelated party submit minimum prices
that are close to the Government's Reserve Price
for the site within a reasonable period.
17
MAY ⁄ JUN 2012
NEW SITES IN THE GOVERNMENT LAND SALES PROGRAMME FOR THE 2ND HALF OF 2012
S/N
location
site area
(ha)
proposed
gpr
Estimated
No. of
Residential
Units(i)(ii)
Estimated
No. of
Hotel
Rooms(i)(ii)
Estimated
Commercial
Space
(sqm)(ii)
Estimated
Launch
Date
Sales
Agent
confirmed list
residential sites
1
Woodlands Avenue 6 /
Woodlands Drive 16 (EC)
1.66
2.8
465
0
0
Aug-12
HDB
2
Sengkang West Way /
Fernvale Link (Parcel B) (EC)
1.40
3.0
420
0
0
Sep-12
HDB
3
Pasir Ris Drive 3 /
Pasir Ris Rise (EC)
2.80
2.1
590
0
0
Sep-12
HDB
4
Sembawang Crescent /
Sembawang Drive (EC)
2.32
2.8
650
0
0
Oct-12
HDB
5
Punggol Field Walk /
Punggol East (EC)
1.45
3.0
435
0
0
Oct-12
HDB
6
Ang Mo Kio Avenue 2 /
Ang Mo Kio Street 13
1.84
3.5
680
0
0
Nov-12
URA
7
Jurong West Street 41 /
Boon Lay Way (Parcel A)
2.24
3.5
825
0
0
Nov-12
URA
8
Commonwealth Avenue
1.21
4.9
700
0
0
Dec-12
HDB
0.90
2.8
160
0
10,080
Nov-12
HDB
COMMERCIAL & residential sites
9
Yishun Ring Road /
Yishun Avenue 9
COMMERCIAL sites
10
Venture Avenue (Jurong Gateway)
1.20
5.6
0
0
67,200
Dec-12
URA
S/N
location
site area
(ha)
proposed
gpr
Estimated
No. of
Residential
Units(i)(ii)
Estimated
No. of
Hotel
Rooms(i)(ii)
Estimated
Commercial
Space
(sqm)(ii)
Estimated
available
Date(iii)
Sales
Agent
reserve list
residential sites
11
Alexandra Road /
Alexandra View (Parcel B)
0.86
4.9
495
0
0
Sep-12
URA
12
Tampines Ave 10 (Parcel C)
2.30
2.8
680
0
0
Oct-12
URA
13
Tampines Ave 10 (Parcel D)
1.60
2.8
470
0
0
Oct-12
URA
14
Jurong West Street 41 /
Boon Lay Way (Parcel B)
1.87
3.5
690
0
0
Nov-12
URA
15
New Upper Changi Road /
Bedok South Avenue 3 (Parcel B)
2.69
2.1
595
0
0
Dec-12
URA
0.78
12.88
0
0
77,380
Dec-12
URA
0.77
4.2
0
785
4,850
Nov-12
URA
COMMERCIAL sites
16
Cecil Street / Telok Ayer Street
hotel sites
17
Victoria Street / Ophir Road
(i) The estimated number of hotel rooms and dwelling units for some sites carried forward from 1H2012 Reserve List have been updated to take into account revisions to site areas.
(ii) The actual number of housing units, hotel rooms and commercial space could be different from the estimated quantum depending on the actual plans of the developers in terms of mix of uses and the size of the housing units and hotel rooms.
(iii) Refers to the estimated date the detailed conditions of sale will be available and applications can be submitted.