Singapore Government Releases Three Residential Sites For Sale

The URA and also HDB have actually released 3 99-year leasehold, residential sites available at Dairy Ranch Road, Sims Drive as well as Tampines Opportunity 10. The site at Dairy products Ranch Roadway is expected to generate around 500 units, with an additional 680 systems at Sims Drive as well as 700 units at Tampines Avenue. Together, the three sites can generate an overall of 1,880 systems. The site at Milk Ranch Roadway remains in the URA Confirmed List and also is zoned for property advancement with commercial use on the initial degree. Found adjacent to the German European College (Singapore) as well as directly other Dairy products Ranch Nature Park, the site at Dairy Farm Roadway has a land area of 211,486 sq ft and also maximum gross flooring location (GFA) of 444,123 sq ft.

Close-by is the 99-year leasehold The Skywoods, a 420-unit household development completed in 2016. Just unit transformed hands considering that Jan 2017, and also it was a 1,345 sq ft system that was sold for $1,301 psf in April 2018, inning accordance with Tay Huey Ying, JLL Singapore head of research & working as a consultant. The developer of The Skywoods acquired the site in Sept 2012 for $616 psf each plot ratio (ppr). The mixed-use advancement site straight connected to the Bukit Panjang MRT terminal on the Midtown Line was sold for $805 psf ppr, includes Wallich Residence, and that'a a document cost for the area. Units at Hillion Residences were commanding ordinary prices of $1,496 psf this year. Huttons Asia head of study Lee Sze Teck thinks the site might bring in up to 10 quotes, with a leading rate between $900 and also $1,000 psf ppr. The site at Sims Drive has an acreage of 174,649 sq ft as well as maximum GFA of 523,948 sq ft. It is located in the city fringe, within strolling distance of the Aljunied MRT station.

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