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Press
Releases
GOVERNMENT
LAND SALES PROGRAMME FOR PRIVATE RESIDENTIAL, COMMERCIAL AND
HOTEL DEVELOPMENT FOR THE FIRST HALF OF 2006
1 The Ministry of National Development (MND) today announced:
a
The Government Land Sales (GLS) Programme for private residential,
commercial and hotel development for the first half of 2006;
and
b
The supply of private residential, commercial and hotel space
from projects that will be initiated by various Government
agencies in the first half of 2006, apart from the GLS programme.
Background
2 Since October 2001, the GLS Programme has comprised mainly
sites on the Reserve List. Under the Reserve List, the Government
will only release a site for sale if an interested party submits
an application for the site to be put up for tender with an
offer of a minimum purchase price acceptable to the Government.
The successful applicant must undertake to submit a bid for
the site in the ensuing tender at or above the minimum price
offered in the application.
3 From time to time, the Government may release sites through
the Confirmed List. Sites under the Confirmed List are released
for tender at a pre-determined date, without the need for
the sale to be triggered by any application. The number of
sites in the Confirmed List in each GLS programme will depend
on market conditions, the strategic need for certain sites
to be developed, and other factors.
Confirmed
List for the First Half of 2006
4 Having reviewed the sites for the GLS Programme for the
first half of 2006, the Government has decided to transfer
the commercial site at Collyer Quay, which was due to be released
on the Reserve List in Dec 2005, to the Confirmed List in
the first half of 2006. This is a 2.62ha site that comprises
the existing Clifford Pier and former Customs Harbour Branch
buildings. These buildings are intended for adaptive use as
a retail and lifestyle development with a total of about 10,000
sqm gross floor area.
5 The development will form part of the necklace of attractions
and activity-generating uses that are planned along the waterfront
of Marina Bay. The initial elements of the attractions along
Marina Bay are already in place with the completion of the
Esplanade and One Fullerton. Other parts of the necklace of
attractions such as the Singapore Flyer, the Integrated Resort
at Bayfront and the Marina Barrage are due to be completed
between 2007 to 2009. The sale of the Collyer Quay site through
the Confirmed List is to enable the timely restoration of
the existing buildings and the completion of the development
with the other attractions around Marina Bay.
Reserve
List for the First Half of 2006
6 At present, aside from the Collyer Quay site, there are
9 residential sites, 2 "white" sites, 2 commercial
sites and 2 commercial & residential sites remaining on
the Reserve List of the GLS Programme for the second half
of 20051. All these sites will be carried
over to the Reserve List for the first half of 2006.
7 In addition, the following 8 new sites will be added to
the Reserve List:
a three residential sites at Simei Street 4, Bishan Street
22/Street 25 and Westwood Avenue;
b
two commercial sites at Orchard Road/Somerset Road and New
Bridge Road/North Canal Road; and
c
three hotel sites at Clemenceau Avenue/Unity Street, Sinaran
Drive and Bencoolen Street.
8
The three new residential sites at Simei Street 4, Bishan
Street 22/Street 25 and Westwood Avenue will provide more
choices for private housing development on different parts
of the island.
9 The commercial site at Orchard Road/Somerset Road which
can potentially be developed for up to 23,300 sqm gross floor
area of retail space and 160 apartment units will further
enhance the retail diversity around the Somerset MRT Station.
The other commercial site at New Bridge Road/North Canal
Road will provide a small-scale development that will complete
the street block in the area and cater to the needs of small
and medium enterprises.
10
The improved regional economy and new tourist products offered
in Singapore will boost tourist arrivals. More hotel sites
will be needed to support the growth. Thus, three hotel sites
at Clemenceau Avenue/Unity Street, Sinaran Drive and Bencoolen
Street will be added to the Reserve List in the first half
of 2006.
11
The GLS Programme for the first half of 2006 will therefore
consist of:-
a 1 confirmed site at Collyer Quay with a potential yield
of 10,000 sqm of commercial space (see Annex
1); and
b
12 residential sites, 2 commercial & residential sites,
4 commercial sites, 3 hotel sites and 2 “white”
sites on the Reserve List (see Annex 1).
These sites can potentially yield about 4,320 private residential
units, 125,500 sqm of commercial space and 1,305 hotel rooms.
Other
Government Supply to be made available in First Half of 2006
12
Apart from the GLS programme, the Government also makes available
other supply of land and properties which will provide additional
residential, commercial and hotel space. The Ministry of National
Development works closely with other agencies to coordinate
the supply from GLS and other sources of supply made available
by the Government.
Supply
from the Integrated Resorts
13 The Government has launched the Request-For-Proposals (RFP)
for the Integrated Resort (IR) at Marina Bay on 15 November
2005 and has announced its target to launch the RFP for the
IR at Sentosa in the first quarter of 2006. The IRs are expected
to boost Singapore's tourism sector, enhance our appeal in
hosting conventions and exhibitions, and strengthen our status
as an aviation, entertainment and retail hub.
14 Based on the submissions from prospective investors in
the Request-For-Concepts exercise conducted in December 2004,
it is estimated that the two IRs could generate about 100,000
sqm of retail space and 3,400 hotel rooms in total. The actual
supply of retail space and hotel rooms from the IRs would
depend on the final concepts and designs proposed by the selected
developers.
Supply from other Government projects
15 In addition to the retail space and hotel rooms from the
IRs, the supply of private residential, commercial and hotel
space by the Government outside the GLS programme in the first
half of 2006 is as follows:
a 125,000 sqm of commercial space2, mostly
for retail use, including:
| i |
Retail facilities under the Economic Development Board’s
(EDB) Warehouse Retail Scheme (40,000 sqm3);
|
| ii |
A shopping mall (25,000 sqm) in the Clementi Town Centre
mixed-use development; |
| iii |
Leasing of vacant State buildings to allow for the expansion
of commercial schools supported by EDB (20,000 sqm); |
| iv |
Localised retail facilities in parks and recreation areas,
business parks, MRT stations and HDB estates; |
| v |
Interim use of vacant State buildings and small land parcels;
and |
| vi |
Sale of conservation shophouses. |
b
1,100 hotel rooms4 from projects in Sentosa
and other locations; and
c
250 private residential units at Sentosa.
16 Most of the commercial space comes from a few major projects,
such as the Warehouse Retail Scheme, the mixed-use development
in Clementi Town Centre, and the leasing of vacant State buildings
to commercial schools. These projects are intended to realise
the Government’s economic or development objectives.
17
The remaining projects, such as those in parks and recreation
areas, MRT stations and HDB estates, are small-scale and will
cater to localized demand.
18 The announcement of the planned supply to be made available
by the Government outside the GLS programme will provide a
more complete picture of the overall Government supply of
space for the first half of 2006. The quantum is indicative
and may change as the plans are still under study. The actual
supply that will be realized would depend on market demand
and interest from investors.
For media queries, please contact:
| 1 |
Four
sites on the Reserve List for the second half of 2005
have been triggered for sale. These comprise two commercial
sites at Orchard Road/Paterson Road and Orchard Road/Killiney
Road, a residential site at Alexandra Road/Tiong Bahru
Road and a commercial & residential site at Choa Chu
Kang North 6/Yew Tee Close. |
| |
|
| 2 |
Of
the 195,000 sqm of commercial space planned to be made
available by the Government outside the GLS programme
in the second half of 2005, only about 135,000 sqm was
initiated. The remaining quantum of around 60,000 sqm
is included in the 125,000 sqm of commercial space to
be made available in the first half of 2006. |
| |
|
| 3 |
Of
the 70,000 sqm of retail space planned for the Warehouse
Retail Scheme for the second half of 2005, about 30,000
sqm was initiated. The remaining quantum of around 40,000
sqm is delayed to the first half of 2006. |
| |
|
| 4 |
This
includes 700 rooms, out of the total of 1,200 rooms announced
earlier for the second half of 2005, that have been delayed. |
Issued
by: Ministry of National Development
Date: 29 Nov 2005
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ANNEX
1
GOVERNMENT
LAND SALES PROGRAMME FOR FIRST HALF OF 2006
| #
|
The
Collyer Quay site comprises the existing Clifford Pier
and the former Custom Harbour Branch buildings. The site
is intended for the adaptive use of these buildings for
retail and lifestyle uses. The estimated gross floor area
of commercial space is 10,000 sqm. |
| |
|
| (1) |
Refers
to the estimated date the detailed conditions of sale
will be available and applications can be submitted. |
| |
|
| (2) |
New sites introduced in the 1H2006 GLS Programme. |
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Last updated on 18 May 2006
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