Three land sites yielding around 1,500 housing units will be released for sale this month under the Government Land Sales (GLS) Programme for 2H2014.
URA launched a residential site at Jurong West Street 41 (Parcel B) today, while HDB will release an executive condominium (EC) site at Woodlands Avenue 12 on 16 December.
Both sites are on the confirmed list and are located within established residential estates. The tender closing dates for the Woodlands and Jurong West land parcels are on 12 February and 10 March 2015 respectively.
Meanwhile, a commercial and residential site at Holland Road, the first plot under the Holland Village Extension plans, is also being made available for sale on the reserve list today.
A mixed use, pedestrian-oriented development will be built on the site that would add to the area’s reputation as a great place to live, work and play. It will offer more retail and dining options, as well as new residences.
Public transport access to the area has since improved with the opening of the Holland Village MRT station on the Circle Line.
According to URA, a Concept and Price Revenue tender system will be adopted to evaluate the tenders received for the site, a process that aims to ensure the new development integrates well with the existing setting of Holland Village.
Image: Artist’s impression of the first sale site at Holland Village Extension. (Photo by URA)
Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
