Government to provide sites for 14,200 private residential units in 2H 2011

Most of the private residential sites, including 4 EC sites, are located in the Outside Central Region or in locations in the Rest of Central Region where more affordable private housing is expected to be built.

The Ministry of National Development announced that it will introduce 19 Confirmed List sites and 24 Reserve List sites under its 2H 2011Government Land Sales Programme.

These sites can collectively provide a potential yield of about 14,200 private residential units (including 2,300 EC units), 268,000 sqm GFA of commercial space and 3,700 hotel rooms.

In particular, in response to the strong demand from home purchasers and developers, MND will inject 17 private residential sites into the 2H2011 GLS Confirmed List. They can yield a supply of about 8,100 residential units, comparable to the supply from the Confirmed List in 1H2011 GLS programme.

Supply of Private Residential Sites

• The 2H2011 GLS Programme will have a total of 30 sites for residential development, including 4 EC sites and 1 commercial & residential site, which can generate about 14,200 private residential units (including 2,300 EC units). (Details on the sites are given in Appendix 1 and status of the 1H2011 GLS Programme is given in Appendix 2.)
• The 17 sites on the Confirmed List comprise 16 residential sites (including 2 Executive ondominium [EC] sites) and 1 commercial & residential site. In addition, the Reserve List in 2H2011 will have 13 sites which can yield about 6,100 residential units (including about 1,200 EC units). The 2H2011 Reserve List supply is comparable to the supply made available on the Reserve List in 1H2011.

Supply of Commercial Sites

• To ensure a steady supply of office space to support the growth of the financial and business services sector, MND will release the commercial site at Sims Avenue / Tanjong Katong Road for sale on the Confirmed List of the 2H2011 GLS Programme.
• To keep up with the development momentum to transform Paya Lebar Central into a vibrant commercial hub to complement the CBD, the Sims Avenue / Tanjong Katong Road site will be transferred to the Confirmed List for sale in July 2011. The site will be sold with minimum office and hotel quantum requirements.
• Another commercial site at Sengkang West Avenue / Fernvale Road will be placed on the Confirmed List to provide amenities, such as food and beverage (F&B) outlets and shops, to the residents in the area.
• A White site at Marina View will be made available on the Reserve List of the 2H2011 GLS Programme. This will provide the opportunity for the market to initiate more office space, in particular prime office space in the CBD, for development, if needed.
• More supply of commercial space is also expected from the development of the 6 plots of land at Marina Bay and Ophir Road / Rochor Road to be jointly developed by M+S Pte Ltd. These land parcels can potentially yield a combined GFA of about 500,000 sqm, part of which will be for office use to support the further growth of our financial sector.

Supply of Hotel Sites

• A new hotel site at Rangoon Road / Farrer Park Station Road and a White site with hotel component at Thomson Road / Irrawaddy Road will be added to the Reserve List of the 2H2011 GLS Programme. These new sites will ensure that a wide variety of hotel sites is maintained in the 2H2011 Reserve List for developers to choose from. 
• The site at Rangoon Road is located in close proximity to the historic district of Little India, which is popular with tourists. The hotel component of the White site at Thomson Road will provide hotel accommodations that can complement the existing and upcoming hospitals and medical facilities in the Novena Fringe Centre.