Singapore, 25 May 2023 Two residential sites in Champions Way in Woodlands and Lorong 1 Toa Payoh, and a short-term lease commercial site in Punggol Walk, were released for sale on Thursday under the first-half 2023 Government Land Sales (GLS) Programme.
Analysts see pent-up Housing Board upgrader demand for the two leasehold 99-year residential sites, which can yield a total of 1,125 residential units, and are located in estates with limited new private home supply.
Champions Way is the first GLS in Woodlands since 2011, noted Mr Justin Quek, deputy chief executive of OrangeTee & Tie. The previous GLS was for the Woodlands Avenue 2/Rosewood Drive site (now Parc Rosewood), which was sold for $151.5 million ($367 psf ppr) in June 2011, while the previous executive condominium plot in Woodlands was sold in 2015.