03 Jan '18, 2pm

What will 2018 bring for the land sales market?

What will 2018 bring for the land sales market?

The Urban Redevelopment Authority (URA) might just have left the land market with a sweet treat to end 2017. They released 2 sites under the Government Land Sales (GLS) programme on Dec 28 last year. 2 sites released under the GLS Programme The 2 sites released by the URA were in Sengkang Central and Hillview Rise. Both were for private housing and can potentially yield 1,235 new private homes. The Sengkang site is zoned for both commercial and residential purposes and could perhaps draw the attention of developers hoping to build an integrated-use project. The site measures at 37,300 sq m and has the advantage of being near the Buangkok MRT station . The plans for the new development on this site are for one-stop community hub featuring public rail and bus transport facilities, a hawker centre, community club, childcare centre and retail shops all under one roof. The new ...

Full article: https://www.iproperty.com.sg/news/what-will-2018-bring-fo...

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