Developers’ sales for the week of 2 Oct – 8 Oct 2023 were 54 units
The CCR accounted for 22.2% while the RCR and OCR made up 35.2% and 42.6%
The respective top-selling projects in the CCR are Klimt Cairnhill, followed by The Reserve Residences in the RCR, and Lentor Hills Residences in the OCR
The URA proposed a change in plot ratio for quite a number of sites on 6 Oct
The Bayshore and Media Circle sites stood out among the sites
At a revised plot ratio of 4.2, the Bayshore site which will be directly connected to Bayshore MRT station is estimated to yield more than 1,000 homes
The Media Circle site will be the second planned housing plot to meet the strong rental demand from the working professionals in one-north
These changes to plot ratio have been made to greenfield sites rather than brownfield sites probably to prevent windfall gains for the owners of brownfield sites.