The upcoming Government Land Sales (GLS) sites are expected to draw many bidders, as developers’ land banks are dwindling. We think the ones to watch these days are the Pine Grove (Parcel A) and Dunman Road GLS sites. Both sites were previously under the Reserve List for the H2 2021 Government Land Sales (GLS), before they were moved to the.
Dunman Road has just been released by the Urban Redevelopment Authority (URA) as part of the Government Land Sales (GLS) Programme for the first half of 2022 (1H2022). It was one of six private residential sites on the 2H2021 Reserved List last year and was moved to the Confirmed List this year. The land parcel spans 2.52 hectares (271,250.5 sq.
The Ministry of National Development (MND) has released its half-yearly revision to the Development Charge (DC) rates across multiple property groups. Imposed on property developers, Development Charges are revised every six months and apply on a per square metres basis based on geographical sector and property group type. Based on MND’s and URA’s release, there are 118 geographical sectors and.
There haven’t been many Government Land Sales (GLS) sites in 2021, so almost any plot is likely to draw developer interest. However, the recent launch of two adjacent sites, at Pine Grove, may be the ones to watch – while not as high profile as sites like Jalan Tembusu, these plots may be a bit of a dark horse. Here’s.