Singapore's Urban Redevelopment Authority (URA) releases Government Land Sales (GLS) sites to respond to strong housing demand, with recent releases at Berlayar Drive (415 units) and Upper Changi Road (1,010 units) representing 50% above the average confirmed list supply over the past decade; these mega developments near MRT stations and existing amenities like Bedok Mall and VivoCity are expected to command premium prices, with Berlayar potentially reaching $3,000+ PSF and Upper Changi potentially attracting $2 billion bids, demonstrating how government land sales shape Singapore's property market and neighborhood development.
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Berlayar and Upper Changi Government Land Sales coming up!Added:
Who's applying for the June BTO, you're going to have a new neighbor. URA has released two pieces of land, one at Balestier Drive and another at Upper Changi. For Balestier, you're looking at 415 units. And at Upper Changi Road, which is beside the Bedok MRT station, you're looking at 1,010 units. Another mega mega development. This is part of the GLS program and is 50% above the average confirmed list supply over the past decade. What this means is that the government is responding to the strong demand. It's a response to the amazing demand on harmonized projects with very efficient layouts and attractive launch prices. Even as far as Tengah, you're talking about a totally new district and it's all completely sold out except for 10 units remaining by the launch day.
Let's have an overview of these two plots. Of course, I'll do a detailed video on each single plot. Do follow so you won't miss out on it. Balestier is going to be somewhere around here. It's going to be a neighbor of Reflections at Keppel Bay. Another exciting thing is the Balestier estate is right behind, so there might be a lot of amenities and shops available. This will bring much needed convenience to this entire area for all the condos around here because typically they have to walk all the way to VivoCity. The latest project around there is The Reef and it's already transacting at 2007. So, with this new launch, you can be assured that the pricing will be above the 3,000 mark.
Maybe some of the blocks facing the HDB will be a lesser PSF. Those that have a unblocked view of the sea will probably be closer to the 4,000 PSF. I wouldn't be surprised if it's 3,500 PSF. Interested to see what the developer will do. Maybe they will reduce the size. I mean, even HDB has not even launched the five bedrooms anymore. This is the Upper Changi side right beside Bedok MRT. I'm expecting that this will probably be an integrated development somehow. You can see that the blend is massive. So, I think this entire piece of land, all of these buildings will be shifted away or flattened. And you now have a ultra mega development at Bedok because the Bedok MRT Look at the Bedok Mall here and look at this plot of land. It is like how many how many times bigger? Is it like 10 times bigger? So, very exciting. I think this is going to be a record-setting GLS because the other piece of land at Bedok South It's already projected there's going to be a $2 billion bid on this particular land.
You have also a mega development at 1,280 units. So, with this kind of big plot of land, are we going to see another $2 billion plot? So, this record transaction $1.4 million HDB five-room.
Is he smart or is he stupid? So much excitement. I can't wait to do a follow-up video in detail. Follow for more.
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