{"id":71609,"date":"2023-12-08T19:19:25","date_gmt":"2023-12-08T11:19:25","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=71609"},"modified":"2023-12-08T19:19:25","modified_gmt":"2023-12-08T11:19:25","slug":"gls-h1-2024-prime-residential-sites-for-development-opportunities","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/gls-h1-2024-prime-residential-sites-for-development-opportunities\/","title":{"rendered":"GLS H1 2024: Prime residential sites for development opportunities"},"content":{"rendered":"
<\/div>\r\n

In the expansive landscape of the Government Land Sales (GLS) programme for H1 2024<\/a>, a total of 10 promising sites have emerged<\/a>. This article is dedicated to unravelling the potential of residential sites that are poised to attract substantial demand from developers.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

But first, here\u2019s an overview of of what we\u2019re working with:\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

GLS H1 2024 Confirmed List sites<\/strong><\/h2>\r\n\r\n\r\n\r\n

On the Confirmed List, there are nine private residential sites, featuring one Executive Condominium (EC)<\/a> site and one long-stay Serviced Apartments site.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Together, they have the potential to yield around 5,450 private residential units, including 710 EC units and 515 long-stay Serviced Apartments.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Additionally, these sites offer a commercial and residential blend, contributing 13,900 sqm GFA of commercial space across the 10 sites.<\/span><\/p>\r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Location\u00a0<\/b><\/td>\r\nSite (ha)<\/b><\/td>\r\nEstimated no. of units, rooms, commercial space<\/b><\/td>\r\nEstimated launch date<\/b><\/td>\r\n<\/tr>\r\n
Residential sites<\/b><\/td>\r\n<\/tr>\r\n
Holland Drive\u00a0<\/span><\/td>\r\n1.23<\/span><\/td>\r\n680<\/span><\/td>\r\nFebruary 2024<\/span><\/td>\r\n<\/tr>\r\n
River Valley Green (Parcel A)<\/span><\/td>\r\n0.93<\/span><\/td>\r\n380<\/span><\/td>\r\nMarch 2024<\/span><\/td>\r\n<\/tr>\r\n
Canberra Crescent\u00a0<\/span><\/td>\r\n2.05<\/span><\/td>\r\n375<\/span><\/td>\r\nApril 2024<\/span><\/td>\r\n<\/tr>\r\n
De Souza Avenue\u00a0<\/span><\/td>\r\n1.92<\/span><\/td>\r\n355<\/span><\/td>\r\nApril 2024<\/span><\/td>\r\n<\/tr>\r\n
Jalan Loyang Besar (EC)<\/span><\/td>\r\n2.84<\/span><\/td>\r\n710<\/span><\/td>\r\nMay 2024<\/span><\/td>\r\n<\/tr>\r\n
Margaret Drive<\/span><\/td>\r\n0.95<\/span><\/td>\r\n460<\/span><\/td>\r\nMay 2024<\/span><\/td>\r\n<\/tr>\r\n
Media Circle<\/span><\/td>\r\n0.57<\/span><\/td>\r\n515, with 400 <\/span>sqm of commercial space<\/span><\/td>\r\nMay 2024<\/span><\/td>\r\n<\/tr>\r\n
Dairy Farm Walk<\/span><\/td>\r\n2.16<\/span><\/td>\r\n530<\/span><\/td>\r\nJune 2024<\/span><\/td>\r\n<\/tr>\r\n
Tengah Garden Avenue<\/span><\/td>\r\n2.55<\/span><\/td>\r\n860, with 3,000 <\/span>sqm of commercial space<\/span><\/td>\r\nJune 2024<\/span><\/td>\r\n<\/tr>\r\n
Commercial and residential sites<\/b><\/td>\r\n<\/tr>\r\n
Tampines Street 94<\/span><\/td>\r\n2.35<\/span><\/td>\r\n585, with 10,500 <\/span>sqm of commercial space<\/span><\/td>\r\nJune 2024<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n

GLS H1 2023 Reserve List sites<\/strong><\/h2>\r\n\r\n\r\n\r\n

The Reserve List introduces a variety of prospects with six private residential sites, two EC sites, and one site incorporating mandatory long-stay Serviced Apartments.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Further expanding the spectrum, there is one commercial site, one White site, and one hotel site.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

These nine Reserve List sites have the potential to add 3,460 private residential units, 855 EC units, 220 long-stay Serviced Apartments, 93,850 sqm GFA of commercial space, and 530 hotel rooms.<\/span><\/p>\r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Location\u00a0<\/b><\/td>\r\nSite (ha)<\/b><\/td>\r\nEstimated no. of units, rooms, commercial space<\/b><\/td>\r\nEstimated launch date<\/b><\/td>\r\n<\/tr>\r\n
Residential sites<\/b><\/td>\r\n<\/tr>\r\n
Lentor Gardens<\/span><\/td>\r\n2.06<\/span><\/td>\r\n500<\/span><\/td>\r\nAvailable<\/span><\/td>\r\n<\/tr>\r\n
Senia Close (EC)<\/span><\/td>\r\n1.01<\/span><\/td>\r\n295<\/span><\/td>\r\nAvailable<\/span><\/td>\r\n<\/tr>\r\n
Tampines Street 95 (EC)<\/span><\/td>\r\n2.24<\/span><\/td>\r\n560<\/span><\/td>\r\nAvailable<\/span><\/td>\r\n<\/tr>\r\n
Zion Road (Parcel B)<\/span><\/td>\r\n0.93<\/span><\/td>\r\n610<\/span><\/td>\r\nAvailable<\/span><\/td>\r\n<\/tr>\r\n
River Valley Green (Parcel B)<\/span><\/td>\r\n1.17<\/span><\/td>\r\n575, with 500 <\/span>sqm of commercial space<\/span><\/td>\r\nMarch 2024<\/span><\/td>\r\n<\/tr>\r\n
Bayshore Road<\/span><\/td>\r\n0.98<\/span><\/td>\r\n480<\/span><\/td>\r\nJune 2024<\/span><\/td>\r\n<\/tr>\r\n
Commercial sites<\/b><\/td>\r\n<\/tr>\r\n
Punggol Walk\u00a0<\/span><\/td>\r\n1.00<\/span><\/td>\r\n13,350 <\/span>sqm of commercial space<\/span><\/td>\r\nAvailable<\/span><\/td>\r\n<\/tr>\r\n
White sites\u00a0<\/b><\/td>\r\n<\/tr>\r\n
Woodlands Avenue 2<\/span><\/td>\r\n2.75<\/span><\/td>\r\n440, with 78,000 <\/span>sqm of commercial space<\/span><\/td>\r\nAvailable<\/span><\/td>\r\n<\/tr>\r\n
Hotel sites\u00a0<\/b><\/td>\r\n<\/tr>\r\n
River Valley Road<\/span><\/td>\r\n1.02<\/span><\/td>\r\n530 with 2,000 <\/span>sqm of commercial space<\/span><\/td>\r\nAvailable<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n

Not sure how to read the URA master plans? Read our article for an in depth guide here: <\/span>URA Master Plan for property buyers: How to read and understand it<\/span><\/a><\/p>\r\n