The URA and HDB will release five residential sites this month under the Government Land Sales (GLS) Programme for the first half of 2013.
Offered on 99-year leases, the sites will yield around 2,725 housing units providing more options for developers and home buyers.
Launched for sale today under the confirmed list, a 184,094 sq ft site at Tampines Avenue 10 (Parcel B) (pictured) is expected to yield about 530 units. The tender for the site will close on 2 July.
The remaining four land parcels are under the reserve list. One site at Toa Payoh Lorong 6 has a land area of 130,835 sq ft while a plot at Prince Charles Crescent (Parcel B) has an area of 268,709 sq ft. The other two sites at Siglap Road and Geylang East Avenue 1 are 210,494 and 67,147 sq ft in size respectively.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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