Seven sites on the Confirmed List and nine sites on the Reserve List were made public by the government

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Tembusu Grand showflat

The Reserve List, four of the nine sites are brand new – Lentor Gardens, Lorong 1 Toa Payoh, Plantation Close (EC) as well as commercial site located at Punggol Walk on a short-term lease for 30 years according to Wong Siew Ying, head of research and contentat PropNex. Other Reserve List sites are at Pine Grove (Parcel B), Clementi Avenue 1, Senja Close (EC), Woodlands Avenue 2 (white site) as well as River Valley Road (hotel site).

Tembusu Grand showflat is ideally located in the most attractive setting in Singapore due to the spectacular beach views.

“With seven sites that are on the Confirmed List, developers are unlikely to start all of the sites that are on the Reserve List in 1H2023,” says the ERA’s Mak. “One reason for this is that developers are likely to be focused on the sites listed on The Confirmed List. Another reason is that certain developers are more cautious about their plans for land acquisition in light of the predicted slowing in growth in the economy by 2023.”

However it is likely that the site located at Lorong 1. Toa Payoh would be one of the most well-known sites in the Reserve List. The site is situated inside the extensive Toa Payoh HDB estate, it’s three minutes away from the Braddell MRT station and near facilities like hawker centers as well as community clubs and health clinics. “Over the past few years, there has been an absence of new launches in the estate that is mature Toa Payoh,” says Mak.

The most recent private residential development to be launched at Toa Payoh was in 2016 It included the 578 unit Gem Residences located in Lorong 5 Toa Payoh by Gamuda Land, Evia Real Estate and Maxdin.

The site located on the Reserve List at Clementi Avenue 1 could yield up to 500 housing units. It is situated in between two condominiums which are already in operation and have been sold to the fullest extent including The Clement Canopy and Clavon Both jointly developed with UOL Group and Singapore Land Group.

The appeal of the site is the location, which is in the renowned older estate of Clementi near to a number of well-established educational institutions like Nan Hua High School, the NUS High School of Mathematics and Science as well as The National University of Singapore (NUS). It is also located 800m away from to the Clementi MRT station on the East-West Line, says ERA’s Mak.

There’s a newly constructed Lentor Gardens site (estimated 500 units of residential units) listed on the Reserve List which marks the seventh site located in the Lentor region that is being released since the initial Lentor Central site was sold in July 2021. The seven sites located in Lentor could be converted into 3,500 homes in the future. “Given the large supply of land of land, we believe that this site is not likely to be removed from the Reserve List,” says Tricia Song, the head of research at CBRE Southeast Asia.

There’s also a brand newly created Plantation Close EC site on the Reserve List, which is right next to Tengah Plantation Loop EC site that will be available to sale on the Confirmed list 2H2022 in the month of December 2022, according to Song. “We think it’s unlikely to be activated for sale anytime soon due to the more than 1,000 units that could be sold located on the site all together.”

It is located in the Punggol Walk Reserved site is located close to Punggol MRT station. The 8,400 sq m (90,418 square feet) commercial site that is leased for a 30 year tenure is one of the efforts of the Government in support of decentralisation as well as to meet need for work spaces near to homes. “The release of these sites with leases shorter than 30 years allows our land use to be renewed in shorter intervals to assist businesses in adjusting their operations more quickly to changes in the economy,” says URA.

Despite the lease being shorter, PropNex CEO Ismail Gafoor expects his Punggol Walk plot “should garner attention due to the absence of office space commercially available in the area”.

1. 1H2023 Reserve List includes the site located at River Valley Road for developing an 530-room hotel. It was taken over in 2H2022 Reserve List. 2H2022 Reserve List.

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