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Singapore Property Kaki

A place for sharing property, investments and financial management ideas among kakis

Tag Archive for ‘Government Land Sale’

First GLS tender closing since new cooling measures in July. Is the situation as bad as what market watchers think?

This week, there were 3 government land sales tenders closing and these were the first batch of tenders that closed since the government announced the new cooling measures in July. How were the responses to these tenders? Condo site at Jalan Jurong Kechil There were only 3 tender bids received for the site at Jalan Jurong Kechil and this is one of the lowest in recent times. The low number […]

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Why the 1H18 Government Land Sales announcement can be good for the market

This morning, the Ministry of National Development released the Government Land Sales (GLS) Programme for the first half of 2018. There were just 6 confirmed list sites and 9 reserve list sites announced for 1H 2018. These sites could yield about 8,045 new units and 63,960 sqm of commercial space. Despite the strong demand for development sites by developers, the government decided to keep the total supply of units for […]

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Who’s who at GLS Tender?

Two Government Land Sale tenders for sites at Jiak Kim Street and Fourth Avenue were concluded yesterday. Without surprise, the sites saw keen interests from developers, with the site at Jiak Kim Street setting a new benchmark.     Let us look at the different groups of bidders who were present at this round of GLS tender. 1. The Aggressor – Allgreen Properties After snatching up Royalville and Crystal Tower […]

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