More land sales

Government released more land for sales today. Details can be found here: http://www.ura.gov.sg/pr/text/2010/pr10-62.html

18 Confirmed List sites comprise 15 residential sites [including 5 Executive Condominium (EC) sites], 2 commercial & residential sites and 1 white site. These 18 sites can together yield 8,135 residential units.

In addition, the Reserve List in 2H2010 will have another 13 sites, which can together yield 5,770 residential units. The 13 Reserve List sites comprise 12 residential sites and 1 commercial & residential site where private residential units can potentially be built.

Summary

• Total of 27 residential sites and 4 mixed-use sites where private housing can be built.
• 13,905 private residential units

 List

1. Alexandra Road, 490 units
2. Bishan Street 14, 590 units
3. Stirling Road (Parcel A), 445 units
4. Stirling Road (Parcel B), 445 units
5. Bedok Reservoir Road / Bedok North Road, 580 units
6. Bartley Road / Lorong How Sun, 560 units 
7. Jalan Eunos/Foo Kim Lin Road, 525 units
8. Petir Road, 430 units 
9. Upper Serangoon View, 540 units
10. Buangkok Drive / Sengkang Central, 495
11. Sengkang Square / Compassvale Road, 485 units
12. Hougang Avenue 7, 395 units
13. West Coast Link / West Coast Crescent, 360
14. Seletar Road, 270 units
15. New Upper Changi Road / Bedok North Drive, 525 units
16. Punggol Walk / Punggol Central, 685 units 
17. Pasir Ris Drive 3 / Pasir Ris Drive 4, 380 units
18. Woodlands Avenue 1 / Woodgrove Avenue, 265 
19. Sembawang Greenvale Phase 3, 115 units
20. Punggol Central / Punggol Walk, 810 units
21. Jalan Jurong Kechil, 240 units 
22. Tanah Merah Kechil Road / Tanah Merah Kechil Link, 470 units
23. Tampines Avenue 8 (EC), 525 units
24. Elias Road / Pasir Ris Drive 3, 295 units
25. Elias Road / Pasir Ris Drive 1 (EC), 320 units
26. Punggol Drive / Punggol East (EC), 485 units
27. Jurong West Street 42 (EC), 460 units
28. Segar Road (EC), 570 units

Ample Supply
Apart from these new releases of 13,905 units, these are the existing supply:

• 63,581 private residential units in the pipeline
• Of these, a total of 42,717 new private residential units are expected to be completed between second quarter 2010 and 2013
• 34,233 units were still unsold
• 22,564 units in Core Central Region
• 19,206 units in Rest of Central Region
• 21,811 units in Outside Central Region

Looks like mass market prices should start to come down a bit and stablise there. This is good news for people who are looking to buy a property.