The HDB is launching an executive condominium housing site in Yishun.
The land at Yishun Avenue 11 is being made available under the Reserve List System.
This means developers interested in purchasing the land, must submit their application with the minimum price they are willing to bid for the land.
The site has an area of 15,080 square metres and a gross plot ratio of 2.8.
Upon acceptance of the applications, HDB will release the land for sale by tender. The sale has a lease term of 99 years. – CNA/ch
Source : Channel NewsAsia – 26 Feb 2008