Executive Condominium (EC) site only on Reserve List

SINGAPORE: The Ministry of National Development (MND) announced on Wednesday that it has launched four Confirmed List sites and 11 Reserve List sites under the Government Land Sales (GLS) programme for the second half of 2016.

The Confirmed List sites include three private residential sites at Fernvale Road, Perumal Road and West Coast Vale, and a commercial and residential site at Upper Serangoon Road, according to MND. Upcoming executive condo include Treasure Crest and Northwave EC while existing ones include The Terrace EC, Brownstone EC, The Visionaire EC, Parc Life EC , Waterwoods EC, Signature at Yishun, Skypark Residences, Wandervale EC, The Vales EC, The Criterion EC, Bellewaters EC, Bellewoods EC.

The Reserve List comprises seven private residential sites, including one Executive Condominium (EC) site, one commercial and residential site, two commercial sites and one White site. These sites can yield about 5,380 private residential units, including 780 EC units.

Together, the four Confirmed List sites will provide 2,170 private residential units, higher than the 1,560 units in the Confirmed List for the first half of the year. However, it is close to the total supply of 2,130 units for the first half of the year, where a Reserve List site was triggered in February.

The Confirmed List sites will also be able to yield 15,500sqm gross floor area in commercial space. This is mainly from the predominantly residential site at Upper Serangoon Road, and will provide retail amenities for the future live-in population at the Bidadari HDB estate, the press release said.

The Reserve List includes three sites at Beach Road, Woodlands Square and Central Boulevard for mixed-use developments comprising mainly office space. These sites will allow developers to initiate the development of more office space if they assess that there is demand, MND said. In total, the Reserve List may yield 261,600sqm gross floor area in commercial space.

Confirmed List sites go on sale regardless of interest from developers, while Reserve List sites are triggered for a public tender only if a developer makes an acceptable opening offer.

Overall, the total supply of 7,550 units for the GLS for the second half of 2016 is close to the 7,420 units in the GLS for the first half of the year, MND said.

executive condo and new cabinet pic 1