Wednesday, May 16, 2012

Govt releasing 5 residential sites this month

The Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) will launch the tender for five residential sites this month, offering developers and home buyers more options for private housing.

Released under the Government Land Sales (GLS) programme for H12012, the 99-year leasehold sites could yield a total of 2,100 units.

Four land parcels at Tai Thong Crescent, Prince Charles Crescent, Kim Tian Road (pictured) and Sengkang West Way were released under the reserve list while a plot at Pheng Geck Avenue was launched under the confirmed list.

Apart from the Tai Thong Crescent site which has been slated for flat development, the other parcels can be developed into condos or flats.

The Pheng Geck Avenue and Tai Thong Crescent plots are located near Potong Pasir MRT station and are zoned for residential use and residential with commercial use on the first-storey respectively. Measuring 0.49-ha and 0.82-ha, they can accommodate 200 and 267 units. 

The sites at Kim Tian Road and Prince Charles Crescent are nestled in an established residential area within the central-west region. Located close to Tiong Bahru and Redhill MRT stations, they could house 490 and 590 units respectively. The CBD (central business district), Orchard Road and Marina Bay are also within close proximity.

The 1.65-ha land parcel at Sengkang West Way will likely yield 535 homes. On top of being close to the Sengkang MRT station and Bus Interchange, it is also easily accessible via the Tampines Expressway.

URA noted that the site tender for Pheng Geck Avenue will end on 28 June and the successful tender will be based on the tendered land price only.

View the original article here

Source From Property Guru

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