25 May 2023
- The two residential sites at Champions Way and Lorong 1 Toa Payoh are part of the increased housing supply under the 1H2023 Government Land Sales Programme to cater to demand
- The commercial site at Punggol Walk will help cater to demand for workspaces near homes and support decentralisation
The Urban Redevelopment Authority (URA) has released two residential sites at Champions Way and Lorong 1 Toa Payoh, and a short-term lease commercial site at Punggol Walk for sale today under the 1st half 2023 (1H2023) Government Land Sales (GLS) Programme.
Residential sites at Champions Way and Lorong 1 Toa Payoh
The residential site at Champions Way is launched for sale under the Confirmed List and can potentially yield about 350 residential units. It forms part of the 4,090 residential units1 to be made available via the Confirmed List of the 1H2023 GLS programme and represents a 17% increase from the 3,505 units made available in 2H2022. The residential site at Lorong 1 Toa Payoh is available for application under the Reserve List and can potentially yield an additional 775 residential units. Together, the two residential sites can yield about 1,125 residential units.
Short-term lease commercial site at Punggol Walk
As part of the Government’s efforts to support decentralisation and cater to demand for workspaces near homes, the Government has released a commercial site at Punggol Walk on the Reserve List, with a 30-year lease tenure and a potential yield of about 8,400 sqm of office space. The release of sites on shorter lease allows our land uses to be refreshed in shorter cycles to support businesses in adapting their operations more nimbly to changing economic trends and market demand.
Other Details
The tender for Champions Way site will close at 12 noon on 12 September 2023.
| Site Location | Champions Way | Lorong 1 Toa Payoh | Punggol Walk |
|---|---|---|---|
| Site Area | 14,432.6 m2 | 15,743.0 m2 | 10,011.5 m2 |
| Land Use Zoning | Residential | Residential | Commercial |
| Maximum Gross Floor Area (GFA) | 30,309 m2 | 66,121 m2 | 14,017 m2 |
| Maximum Building Height | 61m SHD | 145m SHD | 64m SHD |
| Estimated Number of Housing Units | 350 units | 775 units | NA |
| Lease Period | 99 years | 99 years | 30 years |
