HDB will make available a state land parcel in Pasir Ris for application under the Reserve List of the Government Land Sales (GLS) Programme from today.
The 99-year leasehold site, which sits at the junction of Pasir Ris Drive 3 and Pasir Ris Drive 4, can yield about 380 residential units intended for condominium housing, said HDB.
Under the Reserve List System, interested developers can submit their application indicating the minimum bid price to HDB.
HDB will then release the land for sale through public tender upon acceptance of their application.
The 20,000-sq-m site, with a maximum gross plot ratio of 2.1, is served by an efficient public transport network, which is connected to all parts of Singapore. Aside from its close proximity to Hai Sing Catholic School and shopping malls like Elias Mall and White Sands, residents can also enjoy nearby amenities such as NTUC Lifestyle World, Downtown East and Pasir Ris Park.
For H1 2010, 18 sites yielding 7,625 units were placed on the Reserve List. Of these, eight sites yielding 3,345 units have changed hands or are being tendered after they have been successfully triggered from the Reserve List. Another 10 sites – including the site in Pasir Ris released yesterday – potentially yielding 4,280 units are still available for sale.