URA launches 2 more residential sites at Pine Grove for H2 2021 GLS

URA has just released two residential sites, Parcels A and B, at Pine Grove today (30 November) under the Government Land Sales (GLS) programme. Both sites are under the Reserve List, meaning they will only be put up for tender when developers have bid for a price accepted by the government.

Location	Pine Grove (Parcel A)	Pine Grove (Parcel B)
Site area	22,534.7 sqm	25,039.2 sqm
Maximum gross floor area (GFA)	47,323 sqm	52,582 sqm
Maximum building height	153m SHD	153m SHD
Estimated number of housing units	520	565

Source: URA

Located along Ulu Pandan Road, both plots are next to each other and come with a land tenure of 99 years.

According to the URA SPACE map, the site was previously home to Nexus International School. The campus has since moved to Aljunied in January 2020.

Notably, the land plots are close to a variety of schools, including the famous Henry Park Primary School. Other schools in the area include Nan Hua High School, School of Science and Technology, NUS High School of Mathematics and Science, and Singapore Polytechnic.

Map of Pine Grove GLS sites — Source: URA

On top of that, the land plots are adjacent to condos that had been put up for collective sales before.

Pine Grove condo is at the south of the land plots. It was last launched for en bloc sale in early 2019 for S$1.86 billion. The tender had later ended without any bidders.

To the west of the land plots is the iconic Pandan Valley, which made headlines in September 2018 for putting up a record reserve price of S$2.6 billion for its en bloc sale. This was after the en bloc fever died down due to cooling measures implemented in July that year.

How many bids will these sites receive? Let us know in the comments section below or on our Facebook post.

If you found this article helpful, 99.co recommends URA launches three sites under the H2 2021 Government Land Sales (GLS) and Turf City lease expires end-2023 to make way for housing. Here’s what it’s like to live there.

Looking for a property? Find the home of your dreams today on Singapore’s fastest-growing property portal 99.co! If you would like to estimate the potential value of your property, check out 99.co’s Property Value Tool for free. Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.

About Virginia Tanggono

Virginia covers the property news in Singapore, from record sales to profile stories on home ownership. In her free time, she occasionally searches for spoilers of movies and TV shows.

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