The Urban Redevelopment Authority (URA) has rejected the sole bid for a 99-year leasehold plot in Marina Gardens Crescent, Marina South, citing that the offer from GuocoLand (Singapore), Intrepid Investments, and TID Residential was “too low.” The white site, designated for residential and commercial development, received only one bid of nearly $770.5 million or $984 […]
Two GLS sites, namely Holland Drive and De Souza Avenue in Upper Bukit Timah, have been included in the reserve list for the second half of 2023. Despite this, analysts express doubt about immediate developer interest. These reserve-list sites, which need an application before tender, may not see bids until developers specify an acceptable minimum […]
In the fourth quarter of 2023, more than 10 private residential projects are poised to launch, offering over 3,500 housing units. Despite a decrease in homebuyer interest and persistent high financing and land costs due to cooling measures in the real estate market, industry analysts anticipate that prices will remain stable. Among these launches, five […]
