- The two residential sites at Champions Way and Lorong 1 Toa Payoh are part of the increased housing supply under the 1H2023 Government Land Sales Programme to cater to demand - The commercial site at Punggol Walk will help cater to demand for workspaces near homes and support decentralisation
The Urban Redevelopment Authority (URA) has released two residential sites at Champions Way and Lorong 1 Toa Payoh, and a short-term lease commercial site at Punggol Walk for sale today under the 1st half 2023 (1H2023) Government Land Sales (GLS) Programme. Residential sites at Champions Way and Lorong 1 Toa Payoh The residential site at Champions Way is launched for sale under the Confirmed List and can potentially yield about 350 residential units. It forms part of the 4,090 residential units1 to be made available via the Confirmed List of the 1H2023 GLS programme and represents a 17% increase from the 3,505 units made available in 2H2022. The residential site at Lorong 1 Toa Payoh is available for application under the Reserve List and can potentially yield an additional 775 residential units. Together, the two residential sites can yield about 1,125 residential units. Short-term lease commercial site at Punggol Walk As part of the Government’s efforts to support decentralisation and cater to demand for workspaces near homes, the Government has released a commercial site at Punggol Walk on the Reserve List, with a 30-year lease tenure and a potential yield of about 8,400 sqm of office space. The release of sites on shorter lease allows our land uses to be refreshed in shorter cycles to support businesses in adapting their operations more nimbly to changing economic trends and market demand. Details on the three land parcels can be found in Annex 1 [PDF, 19kb]. Other Details The tender for Champions Way site will close at 12 noon on 12 September 2023. More information on the three land parcels are available on the URA website at: Champions Way (https://www.ura.gov.sg/sitesfortender) Lorong 1 Toa Payoh Punggol Walk (https://www.ura.gov.sg/sitesforapplication) eDeveloper’s Packets containing details and conditions of tender for the above three sites are available for sale at https://digitalservice.ura.gov.sg/one-stop-developer-portal/
1 The total supply of 4,090 residential units will bring the total pipeline supply of private housing (including ECs) to about 58,300 units, comprising 50,200 units with planning approval and 8,100 units from GLS sites and awarded en-bloc sites that have not been granted planning approval yet.