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SG Slew of new projects launching in OCR

Property Here - Tuesday, July 23, 2013

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Twelve new private residential projects will be launched over the next six months, most of which will be located on Government Land Sales (GLS) sites, according to Savills.
 
Among them the Glades, a new 726-unit condominium project by Keppel Land and Vanke Group, sited on a GLS parcel in New Upper Changi Road. Meanwhile, Hao Yuan Investment is expected to launch the 580-unit Sea Horizon executive condominium (EC).
 
“In addition, the freehold 337-unit condominium, The Tembusu, near Kovan MRT station is expected to be launched soon, while the 99-year DUO Residences with 660 units within an iconic mixed development located in the Downtown Core area is planned for release by year’s end,” Savills said. 
 
All of the upcoming residential launches are located in the Outside Central Region (OCR), with five of them being ECs, noted the consultancy. 
 
“The government also announced the second half of 2013 GLS programme, comprising ten residential sites, including five EC sites, on the confirmed list. This potential supply of almost 6,000 units (including 2,800 ECs) will be located mainly in the OCR and RCR (Rest of Central Region),” it added.

Image: The Tembusu (Artist’s impression)



Romesh Navaratnarajah
, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@allproperty.com.sg