Government Land Sales in 2022 – is Land Cost Rising?

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Where is the land cost heading? 8 plots of Government Land Sales had taken place in 2022.  More details below,

epropway-gls-state-land-tneders-hillview--bukittimahlink_BT4Nov22
Business Times 4 Nov 2022

Hillview Rise

Tender closed at S$1,024 psf ppr and can generate about 335 homes

Bukit Timah Link

Tender closed at S$1343.13

Business Times 13 Sep 2022

Lentor Central

Tender closed at S$1109 psf ppr

Lentor Hills Road (Parcel B)

Tender closed at s$1130.05 psf ppr

Bukit Batok West Avenue 5 (EC Site)

Tender closed at S$626.04 psf ppr

epropway-GLS-Tender-for-Dunman-and-PineGroveA_BT2Jun22a
Business Times 2 Jun 2022

Dunman Road

Tender closed at S$1,350.50 psf ppr. Located near Dakota MRT station and beside the Geylang River. It can yield about 1,040 units.

Pine Grove (Parcel A)

Tender closed at S$1,318.27 psf ppr. It can be developed into a maximum of 520 units.

Latest GLS tenders see firm land prices_BT9Mar22
The Business Times 9 Mar 2022

Dairy Farm Walk

Tender closed at S$980.07 psf ppr. Located about 700m from Hillview MRT station on the Downtown Line, the 168,600 sq ft plot can yield about 385 housing units.

Bukit Batok West Ave 8 (EC)

Tender closed at S$661.57 psf ppr, setting a new record price for EC land.  The previous record for EC land price was S$658.93 psf ppr in July 2021 on an EC plot in Tampines Street 62. The Bukit Batok land parcel is about 1 km from the Bukit Gombak MRT station. Qingjian Realty said the proposed scheme for the Bukit Batok EC site is a 15-storey project with 360 residential units.

epropway-GLS-Tender-for-Jalan-Tembusu-and-Lentor-Site_BT19Jan22
The Business Times 19 Jan 2022

Jalan Tembusu Site

Tender closed at S$1,302 psf ppr. The 210,622 sq ft Jalan Tembusu site is about 500m from the upcoming Tanjong Katong MRT station along the Thomson-East Coast Line and can yield about 640 housing units. It is also near popular schools, eating outlets in Katong, East Coast Park and plentiful amenities.

Lentor Hills Road (Parcel A)

Tender closed at S$1,060 psf ppr. Is 12 per cent below the S$1,204 psf ppr winning bid of the neigbouring plot in Lentor Central by Guocoland in July last year. The 184,460 sq ft plot can yield about 595 private homes. The successful bidder for this site will have to include an early-childhood development centre in the development that is to be at least 500 sq m (about 5,382 sq ft) in gross floor area size.