June 02, 2021
Stackedhomes
Tampines and Tanjong Katong rank high on the list of desirable residential areas; so we’re not surprised these two recent Government Land Sales (GLS) sites are drawing investors.
This is on the back of two other GLS sites the week prior, which also saw aggressive bids. For those considering a property purchase in the next few years, all four sites are worth keeping an eye out for:
First, a cautionary note about land-starved property developers
In speaking to analysts, we were cautioned that the strong response to these sites are as much about depleted land banks as they are location. That’s not to say the GLS sites are bad, mind you; it’s just worth noting that other factors are driving the bids.
April 29, 2021
Stackedhomes
Two of the hottest Government Land Sales (GLS) sites have been put up for grabs – and for property buyers looking ahead, they’re definitely worth monitoring.
Whichever projects come up here are likely to be headline developments, and developers are going to fight tooth and nail this time around. Here’s why these may be the two best sites we see this year:
The Lentor Central GLS sites
1.72 hectares, able to yield 605 homes
Walking distance (est. 500 to 600 metres) to upcoming Lentor MRT station
Surrounded by mostly low-density housing
GPR of 3.5
Very few alternative condos nearby
The Lentor Central plot is located close to Florissa Park and Lentor Drive. We’re surprised to see this plot given a GPR of 3.5, as this area has long been regarded as a landed enclave.