Plethora of residential sites for developers to choose from

Sites in the Central Region
will be released for Developers

Releasing sites in the Central Region will bring more live-in population nearer to the city centre and help cut commutes to work. At the same time, releasing sites near MRT stations will enable more residents to have better access to the public transport network.

So said the Urban Redevelopment Authority (URA) in response to BT's queries on the government's strategy to release several plum private residential sites including in the prime districts for the first-half 2013 Government Land Sales (GLS) programme.

These include a rare landed housing plot in Coronation Road, abutting the Victoria Park and Rebecca Park Good Class Bungalow Areas. The District 10 site, scheduled for launch in March next year, is expected to yield some 140 landed homes.

Said a URA spokesman: "When selecting sites for the GLS Programme, we want to ensure that there is a good distribution of sites across the island to provide more choices for home-buyers. Similarly the sites can yield a variety of housing types - ranging from landed houses to high-rise condos - to cater to different lifestyles and budgets.

"Some sites are also chosen to meet planning and development objectives."

Property consultants also point to an agglomeration of sites in the vicinity of city-fringe MRT stations on the Western line, such as Tiong Bahru, Redhill and Queenstown, in recent GLS programmes.

Five executive condo sites have been earmarked for launch on the confirmed list in the first half of next year, adding up to to 3,110 units. They comprise a site in Woodlands Avenue 5/Avenue 6, one in Sengkang, two in Punggol and site near Jurong Lake. The last site can generate about 610 units and is located at the corner of Tao Ching and Yuan Ching roads - opposite Fairway Country Club, Lakeside Fishing Village and overlooking the lake. It is due to be launched in June 2013.

 Source: Business Times –15 December 2012