Gillman Barracks, Yishun estates exploring residential use

Private housing has also seen an increase. Lee reported that 9,250 homes were sold in 2023 under the Government Land Sales Program (GLS), marking the highest number of units ever in the previous 10 years. The H1 list 2024 confirms the supply of another 5,450 homes.

Rents are also stable, and the market has cooled. The quarterly increase in public housing rentals moderated from 1.9 percent in Q3 to 0.4 percent in Q4-2023. Meanwhile, private housing rental rates fell by 2.1 percent quarter on quarter during the last three month of 2023.

BTO application levels have dropped from 5.8 applications for each flat in 2020 to only 2.9 last year. The transaction volume on the private housing markets in 2023 was down by 13 per cent compared to 2022. This was its lowest since 2016.

The BTO development is located near the Orto leisure parks, which have relocated on West Coast Highway 27 to Haw Par Villa.

Nicholas Mak (chief research officer, Mogul.sg) said the last BTO launch in Yishun took place in November 20,22. The response was lukewarm, with 4,453 candidates competing for 2,994 unit across three projects.

Mak said that Chencharu’s upcoming project could be better received due to its location near the Khatib MRT Station.

On the longer-term, the government is examining the possibility introducing a residential neighbourhood at Gillman Barracks to house both the public flats and the private property.

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Lee noted that Gillman Barracks, which is located in the heart of Singapore’s city centre, has a long and rich history. It also contains former colonial army buildings. The new residential area will not only provide more opportunities for Singaporeans living closer to the center of the city but also enhance the character and appeal of the old colonial structures.

The minister noted that “Residents would have easy and convenient access to green and recreation spaces, like the Southern Ridges and Labrador Nature Park Network”.

Gillman Barracks was primarily rezoned “Reserve Site”, according to the Master Plan for 2019. The area is currently occupied mainly by offices and food and beverage outlets. Lifestyle spaces and art gallery are also located there. They will be progressively evicted by 2030.

Environmental and heritage research will begin around the second-quarter of 2024. It is estimated that the studies will be completed in the first half or 2026.

Gillman Barracks will probably be developed into housing, which will increase demand for public and private housing.

Telok Blangah Beacon hosted the last BTO Sales Exercise in Telok Blangah on May 20, 2021. There were 175 Units and 4,078 Applications, representing a 23.3% Application Rate.

Chencharu is a part of Yishun where a massive new housing development with 10,000 homes has been planned. The public housing projects will begin in June 2020.

And art enclave Gillman Barracks will be transformed after 2030 into a residential district with both public housing and private housing. This should result in a high demand for homes within the central region.

Desmond Lee said Tuesday (Mar 5) that 80 percent of all homes in Chencharu, which is the area where he represents his ministry on the Committee of Supply, will be designated for public housing.

The first Build-to-Order BTO project in Chencharu is scheduled to launch in June 2024. The 1,270 flats will come in two-room, three-room, four-room, and even five-room versions. They will be situated along Sembawang Road.

According to Christine Sun from OrangeTee Group who is chief researcher and strategic planner, the median price ranged between S$1,576/sf for condo units transacted within a 10-kilometer radius of Gillman Barracks.

Singapore’s central area is set to get new homes, including in Turf City (the former Keppel Golf club), Mount Pleasant (Pearl’s Hill), and Turf City. The government is releasing more land to be redeveloped, for example through the relocation Paya Lebar Air Base.

As of February 2019, the government had launched more than 67,000 HDB-approved flats. That’s two-thirds from its goal to launch at least 100,000 new HDB-approved flats in 2025.

Along with the plans to expand housing, the Government will activate and curate network of recreation spaces across the Island incorporating sports. arts, nature. heritage. and wellness. There will be cycling and walking paths, as there will also be park connectors.

Indranee stated that she would be examining the marine habitats around the upcoming Long Island construction project. These include intertidal zones and coral reef communities.

Long Island will be formed by reclaiming 800 hectares along the East Coast. Indranee, the Minister of Environment and Climate Change, said that the agencies would look for natural solutions to minimize the environmental impacts.


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