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Five
new sites
In
addition to the existing six residential sites, two
“white” sites, two commercial sites and
two mixed commercial/ residential sites, the Reserve
List will have five new sites for the first half of
2004 (see table above).
| Location |
Development
Type |
Site
Area
(ha)
|
Likely
No.
of Units
|
Available
Date |
| Handy
Road (A) |
High/Medium
Density
Residential |
0.15 |
30 |
April
2004 |
| Handy
Road (B) |
High/Medium
Density
Residential |
0.34 |
70 |
April
2004 |
| Buangkok
Drive |
High/
Medium
Density
Residential |
2.10 |
520 |
May
2004 |
| Victoria
Street |
Commercial
(Entertainment) |
0.90 |
- |
May
2004 |
Marina
Boulevard
/Central Boulevard
(BFC site) |
White
site |
3.55 |
- |
May
2004 |
No office sites released
There will not be any office
sites released through the GLS programme in the Downtown
Core area in 2004 and 2005 as the supply of office space
from the BFC site is expected to be sufficient to meet
the demand for office space in the Downtown Core area
over the next few years.
 |
| Business
Financial Centre site |
Land
supply outside of GLS programme
For the first time, the Government
has also released information on the supply the of private
residential and commercial land and property, planned
to be initiated by the various government agencies in
the first half of 2004. This is outside of the GLS programme.
Examples of some of these sites are those at Sentosa
Cove and One-North. This provides greater transparency
and gives the real estate industry a more complete picture
of the planned supply of space for the first half of
2004.
What
is Reserve List?
Under
the Reserve List system, the detailed conditions
of sale for a site will be made available on URA's
website on a specific date and applications for
the site to be put up for tender can be submitted
from then onwards. The Government will only release
a site for sale if an interested party submits
an application to have the site put up for tender
with an offer of a minimum purchase price acceptable
to the Government. The successful applicant must
undertake to submit a bid for the site in the
ensuing tender at or above the minimum price offered
in the application.
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