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Viewing entries tagged Faber Walk
In a move to moderate tender bids and future property prices, the tender for three sites will close on the same day for the first time.
Included in this exercise is an executive condominium (EC) site at Punggol Central, one of the four sites released as part of the Government Land Sales Programme for the first half of 2013.
The Urban Redevelopment Authority (URA) seems to think that the average unit size of condos will shrink in its estimates of housing supply for the Government Land Sales (GLS) programme.
Based on BT's analysis of the first-half 2013 GLS programme, the average gross floor area (GFA) per home for typical private condo sites in Outside Central Region (OCR) and Rest of Central Region (RCR) has each been reduced by five square metres to 90 sq m and 80 sq m respectively compared with the H1 and H2 2012 slates.
Tags: condo size, Executive Condominium, Faber Walk, GFA, GLS Programmes, Gross Floor Area, Jalan Bunga Rampai, Kim Tian Road, new home, private residential site, Property New Launch, URA