The Urban Redevelopment Authority (URA) has put up two 99-year leasehold sites at Jalan Loyang Besar / Pasir Ris Drive 4 and Sembawang Road / Jalan Sendudok for sale through a public tender.
The two sites, which can yield a total of up to 970 units, were made available for sale under the confirmed list of the 1H2011 Government Land Sales (GLS) programme.
The site at the junction of Jalan Loyang Besar and Pasir Ris Drive 4 has a total area of 26,987 sq m and a maximum gross floor area (GFA) of 56,673 sq m. It can yield up to 580 housing units.
“The site at Pasir Ris Drive 3 / Drive 4 is on the northern fringe of Pasir Ris New Town. It is about 10 minutes’ walk from Downtown East and E!hub @ Downtown East,” said Mr. Li Hiaw Ho, Executive Director of CB Richard Ellis (CBRE) Research.
“White Sands shopping mall and Pasir Ris MRT station / bus interchange are a short drive away. The Pasir Ris Park and beach are also within walking distance (away). A new mid-rise condominium development of around 580 units can be developed on the site.”
Meanwhile, the second site is located at the corner of Sembawang Road and Jalan Sendudok. It has a total area of 27,667.8 sq m with a maximum GFA of 38,735 sq m and can yield up to 390 housing units.
“The second site is situated at Sembawang Road, between Sembawang Shopping Centre and Canberra Residences, where units were sold at S$800 to S$870 psf in January to March 2011,” said Mr. Li.
“The Sembawang MRT station is (about) a short drive away. The future development on the site will be a five-storey condominium of around 390 units,” he said.
The URA said both sites are zoned for residential development. It added that the tender for the Jalan Loyang Besar / Pasir Ris Drive 4 and Sembawang Road/ Jalan Sendudok sites will close on 10 May and 26 May respectively.
In addition, the URA noted that two residential sites, one at Bishan Street 14 and the other at the corner of Bartley Road and Lorong How Sun, have been launched for sale under the reserve list. The two sites can yield up to 1,270 residential units, more than the 8,125 units from the 17 sites that will be released for sale under the confirmed list of the 1H2011 GLS programme.
“Most of these sites are located in Outside Central Region (OCR) or in locations in the Rest of Central Region (RCR), where more affordable private housing is expected to be built, and will hence meet the demand for mass market private housing,” said the URA.