2 residential sites made available for sale by URA

Two more residential sites have been made available for sale by the Urban Redevelopment Authority (URA).

One of the sites, at Jalan Eunos, is launched for sale under the Confirmed List of the Government Land Sales (GLS) programme.

The other site located at Buangkok Drive and Sengkang Central is being made available for sale under the Reserve List.

A Reserve List site will be released for sale if a developer commits to putting in a minimum bid acceptable to the government.

Together, URA said both sites can potentially yield about 1,020 housing units and will provide developers and home buyers with more choices.

The two sites have a lease period of 99 years.

For the land parcel at Jalan Eunos, the site is about 4.1 hectares in size, with a maximum permissible gross floor area of 57,766 square metres.

The land parcel at Buangkok Drive and Sengkang Central, spanning 1.8 hectares, has a maximum permissible gross floor area of 55,027 square metres.

URA added that 20,175 units made available for the whole of 2010 under the Government Land Sales programme is the highest potential supply in the history of the GLS Programme.

Source : Channel NewsAsia – 20 Jul 2010

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