SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority (URA) has introduced two residential sites from the government’s First Half 2021 Land Sale Programme (GLS) in the northern precinct, along Slim Barracks Rise. sites in Tanah Merah and Yishun)
(Source: URA)
Both sites are divided into residential areas for advertising use on the first floor and have a lease term of 99 years. In total, sites can divest up to 405 units.
Slim Barracks Rise (Plot A) covers 7,957. 3 m² with a maximum gross land domain (GFA) of 23,872 m², while Slim Barracks Rise (Plot B) has a domain of 5,936. 6 m² and a maximum GFA of 12,467 m².
The launch is part of a plan through JTC Corporation to inject more residential into the north precinct.
The most recent site sold in the vicinity of the sale of the One-North Eden site in September 201 nine at a land rate of PSF $1,001, after bidding through nine parties, notes Ong Teck Hui, senior director of research and consulting at JLL.
“In addition to the exciting location, the sites in consultation are small and require less capital expenditures, which can expand bid participation beyond the major developers. Developers can also be encouraged through the advertising functionality of One-North Eden, which controlled selling 141 games or 85% of the total of 165 games, at an average value of $2,009 in its first month of release,” Ong said.
“We anticipate that 10 to 15 games will compete for the sites, which can be the most productive between $1,100 and $1,200 consistent with the user consistent with the second,” he adds.
Both sites are within walking distance of Buona Vista and the one-north MRT station, and are close to the amenities of one-north park and The Star Vista. Schools such as Anglo-Chinese Junior College and Anglo-Chinese School (independent), Fairfield Methodist School (secondary), Fairfield Methodist School (primary), Insead and Essec Business School are also nearby.
The call for bids for the two courses will be on September 28 at 12 noon.
View most recent listings near One-North Eden, One-north MRT Station, Anglo-Chinese Junior College, Anglo-Chinese School (independent), Fairfield Methodist School (high school), Fairfield Methodist School (elementary), Insead, Essec Business College
See also
Properties for Sale & Rental in Singapore, Latest Asset News, Advanced Research Tools
New condo and land launch in Singapore (FULL list and updates)
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Block calculator, find out if your condo will be the block calculator
HDB resale apartments for sale, sets available