URA to Launch 2330 Units in 1H 2017 T5 confirmed list sites to launch in 1H 2017, could yield 2,330 units

1h-sites-by-ura

Regular supply by Government

The government will look to ensure there’s a continuous supply of new homes to meet the requirements Singaporeans. These plots are expected to yield up to 7,465 private homes and create 158,080 sqm commercial space.  The supply of private units is similar to the 7,545 units from the second half 2016 GLS Programme. (See URA: https://www.ura.gov.sg/uol/land-sales.aspx?p1=find-gls-site&p2=current-gls-programme)

The 5 Confirmed Plots

The five sites on the confirmed list could yield 2,330 private flats, higher than the supply of 2,170 units from the second half of this year. They are situated in Toh Tuck Road, Tampines Avenue 10 (Parcel C), Lorong 1 Realty Park, Serangoon North Avenue 1 and Woodleigh Lane.

“The demand for new housing from prospective home buyers has stayed healthy in 2016. The continued supply of residential sites through the GLS Programme will make sure there is a steady pipeline of new private housing units to match the needs of our resident population,” said the MND.

Expert Interviews

Desmond Sim, Singapore, CBRE Research, Head and South East Asia, noted that no commercial website was contained in the confirmed list. “This gives enough breathing room where there’s still considerable space to be absorbed, as overall occupier demand has been weak across both retail and office space,” he said, to solve supply and demand imbalance.

Meanwhile, the reserve list will contain seven residential sites (including one executive condominium (EC) website), one commercial and residential site and two commercial sites. These websites can offer 5,135 private homes (including 775 EC units) and mostly commercial office space.

“CBRE expects to see some of the smaller reservation list websites activated, for example the Bartley Road plot. Another website that is remarkable is the reserve site at Jiak Kim Street, that will include the former Zouk storyline. It now presents a key waterfront site and will likely see precisely the same interest in Martin Place duplicated,” said Sim.

“The sole EC site on the reserve list – Sumang Walk – has been carried over from the reservation list of both 1H 2016 and 2H 2016 GLS programmes. Even if it is activated for sale, the resultant project would only be found in 2018,” he added.

Other previous tendered plots

With URA launching new plots every half yearly, 2016 saw the launch of the most anticipated site by Frasers, that is the Seaside Residences which is likely launch in 2017. Apart from this plot, the Grandeur park condo is also expected to launch in 2017. (see previous post)

Jurong Gardens – A New Plan

source-nparks
Source: NParks

Appoinement

The business, which was appointed in October via bid, disclosed that it took into account the requirement to maintain nature by keeping existing biodiversity hotspots in designing the gardens. Works for the project are set to be completed increasingly from 2020.

The seven-storey pagoda will be retained, while the Bonsai Garden will get a hanging bonsai gate, making the plants look like they’re suspended in mid air.

Creation

A water gallery trail will be created at Jurong Lake Gardens East, which will soon be transformed into a waterfront promenade for leisure boaters.

Speaking at the launch of an exhibit to showcase the suggestions for public remarks, National Development Minister Lawrence Wong said that there will also be F&B outlets at the gardens. With the future High-Speed Rail (HSR) terminus to be linked to the gardens, residents will also enjoy better connectivity, he included. Also not forgetting the upcoming new launches in 2017, Grandeur Park Residences

Showroom

A string of exhibits that are roving and townhall may also be held in places like Lakeside MRT Station and Canopy @ J Link until February 2017.

Offering “a great mix of nature and community ”, the new Jurong Lake Gardens will feature a “good blend of something recognizable, with many new parts that are exciting and fresh ”, Wong said.

Development

Notably, development works for the western portion of the gardens commenced in April and are expected to be finished in 2018, with works for the eastern and central parts.

Interesting Upcoming New Condo By CDL

Hey everyone, gotten some news that City Development Limited together with Hong Leong is going to launch the new condo by the name of Forest Woods probably by Sept 2016 at Lorong Lew Lian, near to Upper Serangoon.

Some facts and articles about this development i have found while googling. You may want to click here to find out more about Forest Woods. (open in a new window)

Forest Woods is a new 99-year leasehold development brought to you by TID, Hong Leong, and the City Developments in collaboration. The site won by CDL and brought a total of 11 bidders for the property. The development will include about 500 units of 1 to 4-bedroom units. This project features complete high-end facilities such as indoor health club, clubhouse, kids’s playground, function room, guard house, the bbq pavilion, Child’s pool, Outside Fitness zone, Sun Deck, Seeing Deck, and Yoga Zone that will provid complete family amusement.

The development is reachable as it’s only a walking distance from Bartley MRT and Serrangoon MRT. It’s strategically located in a famous location close to lots of conveniences for residents’ convenience as it’s encompassing with great conveniences. Shopping malls like Heartland Mall, Upper Serangoon Shopping Centre, ICB Shopping Centre, and NEX aren’t far from the property to supply amusement that is complete for the future residents with their nearest and dearest. Medical needs are also accessible with Daily Medical Centre nearby.

My conclusion is that, branded developer like CDL definitely come with  a “branded” price, and quality wise, if we look at their past projects, like ONE SHENTON, CLIVEDEN AT GRANGE and THE RESIDENCES AT W SINGAPORE SENTOSA COVE, each and every of them has high praises by the residents, average seeing them getting 4/5 starts rating in property guru.

Let’s see how the launch date will fare for this Forest Woods Condo then!

New Upcoming Condo @ West Coast – Parc Riviera

Parc Riviera is a condominium with a lease of 99-year located in West Coast Vale. It comprises 595 units in two blocks of about 36 to 40 storey. It has cluster houses in addition to one bedroom to four bedroom units. This provides more choices from which to select to fulfill the family needs.

The Pandan Reservoir is a few minutes away, with its tranquil environment being suitable for family picnic. These supply many means of relaxing and resting on off-days outdoors that is great and for spending weekends with the loved ones.

The condominiums have convenient means of transport. It is linked to Commonwealth Avenue, Ayer Rajah Expressway and West Coast Avenue. City centre can be reached by the residents from the Parc Riviera in thirty minutes with these transport means. If using public transport additionally, there are connecting the condominiums to the closest bus stop on Ayer Rajah.

Pac Riviera is in Clementi an estate that has various amenities for example shopping malls and eateries, markets. The shops and the Clementi mall nearby can fulfill the basic needs of the residents. The mall also has a public library for the book lovers and there’s the Jurong East library. These two have most books.
The Parc Riviera condominium is situated between Jurong East MRT that puts it close to Jurong Gateway that is certainly coming up and Clementi. The Jurong Gateway will become the biggest commercial hub away from the city center with a mixture of retail, F&B and entertainment alternatives. These exciting developments in the region of Julong Lake District mean that the residents can meet their retail and entertainment needs nearby without the need to travel to the CBD. Everything they may desire is available in the shopping centers in Jurong Gateway that comprise JEM, Westgate,

Big Box, JCube and IMM. Other than being commercial centre, the Jurong District is being developed as a chief leisure destination that has a promenade and waterfront park. Other major attractions are the new top-notch Science Center close to Chinese Garden station and the lakeside village while enjoying the panoramic lake views for shopping and dining.
That makes it convenient for Parc Riviera residents.

Singapore fourth most expensive city for expats

Hong Kong topped the list, shoving against Angolan capital Luanda to second position. While Tokyo rose to fifth Zurich stayed in third place. Kinshasa and Shanghai chose the sixth and seventh places respectively, while Beijing, N’Djamena and Geneva rounded up the top 10.

“Despite technology progress and the rise of a globally associated work force, deploying expatriate workers stays an increasingly significant feature of a competitive multinational company’s business strategy,” said Ilya Bonic, Senior Associate and President of Mercer’s Ability business.

“Yet, with explosive markets and stunted economic growth in many areas of the world, a sharp eye on price efficacy is crucial, including a focus on expatriate remuneration packages. As organizations’ desire scale and to quickly grow worldwide continues, it’s important to have see-through and precise information to compensate fairly for all kinds of duties, including short term and local plus status.”