Government Land Sales

[funinvesting]

Under the confirmed list of the first half 2019 Government Land Sales (GLS) Programme, revealed the Urban Redevelopment Authority (URA), a residential with commercial at first storey site at Bernam Street was launched for sale on Thursday (30 May)

Given a total of an area size of 3,846.2 sq m, the 99-year leasehold site has a maximum gross floor area of 28,001 sq m with potential yield of 325 housing units all of which are housed into maximum building height of 35 storeys for the high-rise zone, 20 storeys for the mid-rise zone and four storeys for the low-rise zone. How will this affect the price of the surrounding new condo, new condominium.

The site is situated within the Anson precinct well within the precinct earmarked for the URA planned concept for an area where there is 24/7 vibrant mixed-use urban neighbourhood with live-in communities supported by amenities in this part of “Tanjong Pagar area of the central business district (CBD).

Public commuting and its convenience is greatly enhanced by the existing nearby Tanjong Pagar MRT station as well as the upcoming Prince Edward Road MRT Station. More it has good and efficient accessibility via major roads such as Anson Road and Keppel Road as well as expressways like Marina Coastal Expressway and Ayer Rajah Expressway.

According to URA, “the site is envisaged to be developed into a high-quality residential development with attractive and delightful public space to inject vibrancy at street level,”.
“The future development will offer opportunities for city-living, providing easy access to employment within the CBD, as well as vibrant lifestyle offerings and amenities.”
Closing date for the tender of the Bernam Street site is on 5 September which will also be batched with the site at Tan Quee Lan Street launched in March.

Latest updates on new residential projects : Haus on Handy, One Pearl Bank,
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