{"id":3676,"date":"2024-11-28T10:34:11","date_gmt":"2024-11-28T02:34:11","guid":{"rendered":"https:\/\/lentorcollection.sg\/?p=4942"},"modified":"2024-11-28T10:34:11","modified_gmt":"2024-11-28T02:34:11","slug":"ura-launches-residential-sites-at-media-circle-and-bayshore-road","status":"publish","type":"post","link":"https:\/\/pinegroveresidence.sg\/navagrove\/ura-launches-residential-sites-at-media-circle-and-bayshore-road\/","title":{"rendered":"URA Launches Residential Sites at Media Circle and Bayshore Road"},"content":{"rendered":"<p>On November 26, the Urban Redevelopment Authority (<a>URA<\/a>) released three residential land parcels under the second half of the 2024 Government Land Sales (GLS) programme. These include a site at <a>Bayshore Road<\/a> and two plots at <a>Media Circle<\/a>, offering exciting opportunities for property developers.<\/p>\n<p><strong>Bayshore Road: A Prime Opportunity Near the East Coast<\/strong><br \/>\nThe <a>Bayshore Road site<\/a> spans 10,497.3 square metres and is expected to deliver approximately 515 residential units, with a maximum gross floor area (GFA) of 44,089 square metres. Positioned near the East Coast, this 99-year leasehold site is likely to draw significant interest due to its strategic location and proximity to Bayshore MRT station.<\/p>\n<p>Market experts highlight this plot as the first private residential site in the Bayshore precinct. With no major private condo launches in the area since <em>The Bayshore<\/em> and <em>Costa Del Sol<\/em>, this site is expected to attract both HDB upgraders and current residents of older projects nearby.<\/p>\n<p>Developers are predicted to place competitive bids for this parcel, with expected offers ranging between $1,050 and $1,200 per square foot per plot ratio (psf ppr).<\/p>\n<p><strong>Media Circle Parcels: Mixed-Use Potential in a Growing Area<\/strong><br \/>\nThe <a>Media Circle sites<\/a>, located in the one-north area, are zoned for residential use with commercial spaces on the first storey. Parcel A measures 7,629.7 square metres and could yield 325 residential homes, while the larger Parcel B spans 10,027.6 square metres and is set to provide 500 units.<\/p>\n<p>However, these sites may see a more subdued response from developers due to their distance from amenities and transportation hubs compared to other one-north developments like <em>Blossoms by the Park<\/em>. Despite this, experts suggest Parcel A may see more interest as it involves lower developmental risks.<\/p>\n<p><strong>Meeting Market Demand for New Homes<\/strong><br \/>\nThese GLS sites are part of Singapore\\\\\\&#8217;s effort to meet the rising demand for housing, contributing to the 5,050 residential units set to be launched under the confirmed list of the <a>H2 2024 GLS<\/a> programme.<\/p>\n<p>For potential homeowners, this is an exciting time to explore opportunities in growing areas like Bayshore and one-north. Additionally, projects like <a><em>Meyer Blue<\/em><\/a>, offering Freehold luxurious coastal living, continue to highlight Singapore\u2019s robust property market and the variety of options available for buyers and investors.<\/p>\n<p>Stay tuned as tenders for these sites close in early 2025, paving the way for exciting new developments in Singapore\\\\\\&#8217;s dynamic property landscape.<\/p>\n<p><a>The Business Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 26, the Urban Redevelopment Authority (URA) released three residential land parcels under the second half of the 2024 Government Land Sales (GLS) programme. These include a site at Bayshore Road and two plots at Media Circle, offering exciting opportunities for property developers. Bayshore Road: A Prime Opportunity Near the East Coast The Bayshore [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3677,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-3676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-property-news"],"_links":{"self":[{"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/posts\/3676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/comments?post=3676"}],"version-history":[{"count":0,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/posts\/3676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/media\/3677"}],"wp:attachment":[{"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/media?parent=3676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/categories?post=3676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pinegroveresidence.sg\/navagrove\/wp-json\/wp\/v2\/tags?post=3676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}