Real Estate Statistics, URA

Singapore Private Housing Market: Increasing Supply and Rising Vacancy Rates in Q1 2023

Singapore’s private residential property market is set to face a supply surge in the next few years, as indicated by the latest data from the Urban Redevelopment Authority (URA). The completion of close to 3,800 private residential units in the…

Andrew
April 28, 2023

Sale Sites, URA

GuocoLand and Intrepid Investments win the tender for Lentor Gardens site

The Urban Redevelopment Authority (URA) has awarded the tender for the Lentor Gardens site to a joint venture between GuocoLand (Singapore) Pte. Ltd. and Intrepid Investments Pte. Ltd. The tender for the site was launched in October 2022 and closed on April 4, 2023. Located in a residential area, the site spans across 21,866.7 square meters and is permitted for residential development. The maximum permissible gross floor area (GFA) for the site is 45,921 square meters, which means that the winning tenderer has paid $10,600.82 per square meter of GFA.

Andrew
April 14, 2023