Our thoughts: Under the Government Land Sales programme, sites listed in the Confirmed List will be released for sale. However, in this case a site under the Reserved List has been triggered for sale. We hope demand for both sites will be good in view of their attractive locations. Do check out 5 things you should know about the site along Dundee Road.
To sum up this news in 3 pointers:
- Where are the new sites? – The 2 sites are located along Upper Serangoon Road in District 19 and along Dundee Road in District 3.
- What are the land area and expected units to be constructed? – The site along Upper Serangoon Road is about 10,097.2 sqm and expects to yield 340 units. The other site along Dundee Road has an area of about 10,516.1 sqm and expects to yield 645 units.
- Are the 2 sites under the Confirmed List of sites in GLS for 2H2014 ? – Only the site along Upper Serangoon Road is under the Confirmed List. The other site along Dundee Road is under the Reserved List.
For the full article from ChannelNewsAsia here
Two land sites, with an estimated yield of 1,000 housing units once developed, will be released this month by the Urban Redevelopment Authority (URA) and Housing and Development Board (HDB).
In a joint press release on Thursday (Sep 25), the agencies said that the two sites will be launched under the second half of the Government Land Sales (GLS) Programme for this year.
A residential with first-storey commercial site at Upper Serangoon Road will be launched by the URA under the Confirmed List. The site has a maximum gross floor area of 30,292sqm and will yield an estimated 340 housing units once developed.
The tender for the Upper Serangoon Road site will close at 12pm on Nov 13, the press release stated.
The other site, launched by the HDB under the Reserve List, is at Dundee Road. The residential-only site has a gross floor area of 51,529sqm and is expected to yield 645 housing units.
Confirmed List sites go on sale regardless of interest from developers, while Reserve List sites are triggered for a public tender only if a developer makes an acceptable opening offer.