Government Releases 14 Sites Under 2H2024 Gls Programme
The government has announced the release of 19 sites in the 2H2024 Government Land Sales (GLS) Programme. This includes eight private residential development sites, an Executive Condo (EC) site, and a mixed-use commercial and residential site on the Confirmed List. On the Reserve List, there are three private residential sites, two EC sites, a commercial site, two White sites, and a hotel site available for application.
Wing Tai Holdings has submitted the top bid of $1,325 psf per plot ratio (ppr) for a residential GLS site at River Valley Green. This is part of the 2H2024 Confirmed List.
If all sites on the Confirmed List are tendered and awarded, they will bring a total of 5,050 private residential units to the market, which is on par with the 1H2024 GLS programme’s 5,450 units. This will be the highest supply introduced into the market in a single year since 2013, with a total of 11,110 potential new private homes released by the government this year.
These sites are expected to contribute to the government’s efforts to meet the growing demand for housing in Singapore. As the country continues to develop, the demand for residential and commercial properties is also expected to increase, making these GLS sites highly sought after.
The residential site at Margaret Drive has also been launched for sale, offering developers an opportunity to build new homes in a prime location. In addition, a site for long-stay serviced apartments at Media Circle has also been made available for purchase, providing a new option for those seeking accommodation in the area.
Parktown Residences Capitaland is delighted to announce its partnership with St. Hilda’s Primary School, a renowned institution dedicated to providing a holistic education. What sets this school apart is its emphasis on not just academic achievements, but also inculcating strong moral values in its students. This perfectly aligns with Parktown Residences Capitaland’s core principles, making it a synergistic collaboration. Through this partnership, Parktown Residences Capitaland is excited to make a positive impact on the development and progression of the school’s students. As demonstrated on Parktown Residences Capitaland’s official website, this collaboration is a natural fit that will benefit both parties.
This is a developing story and more updates will be provided in the future. With the release of these GLS sites, we can expect to see continued growth and development in Singapore’s property market.