What are the more attractive plots in Singapore’s GLS slate in H2 2024?

There are 10 newly-added plots.

According to PropNex, the latest GLS slate in 2H 2024 presents a good selection of sites in a variety of locations, including 10 plots which are newly-added. 

The newly-added Confirmed List sites are in Faber Walk, Media Circle Parcels A and B, Chuan Grove, Holland Link, and Chencharu Close. Meanwhile, new on the Reserve List are sites in Marina Gardens Lane, Woodlands Drive 17 (EC), Holland Plain, and River Valley Green (Parcel C).

“In our view, the more attractive plots on the Confirmed List are the Tampines Street 95 EC site, the Bayshore Road site, the Chuan Grove plot, River Valley Green (Parcel B), and the Chencharu Close mixed-use site. In particular, the Bayshore Road site and the Chencharu Close plot are the first private housing site in their respective new housing precincts,” said Wong Siew Ying, PropNex Head of Research and Content.

Here’s more from PropNex:

On the other hand, we think the plot in Holland Link – near the Brizay Park good class bungalow area - could potentially face some challenges owing to its less accessible location further away from the MRT station, as well as being near a columbarium which may not appeal to some buyers. 

We note that the Marina Gardens Crescent white site has been injected into the Reserve List for 2H 2024. The URA had in February 2024 rejected the sole bid for the white site, deeming it to be too low ($984 psf ppr, submitted by GuocoLand (Singapore), Intrepid Investments and TID Residential). 

Elsewhere in Marina South, the government has put a new residential plot in Marina Gardens Lane on the Reserve List; this plot is relatively attractive being opposition Gardens by the Bay and within walking distance to the upcoming Marina South MRT station on the Thomson-East Coast Line. However, the lack of schools in the Marina area, and prevailing additional buyer’s stamp duty measure may weigh on demand for downtown homes.

Given the ample supply of housing units on the Confirmed List, we do not anticipate developers to trigger the Reserve List sites for tender launch in the coming months.