HDB launches New Upper Changi Road mixed site for sale

The Housing and Development Board (HDB) is launching for sale a site at New Upper Changi Road and Bedok North Drive.

The site is zoned for mixed commercial and residential development and will be integrated with a bus interchange.

The site area spans 24,902 square metres, with a permissible gross floor area of 87,157 square metres.

It has a lease term of 99 years and is being made available under the Reserve List system.

Under the Reserve List system, a site would only be put up for tender if a developer’s indicated minimum bid price is acceptable to the government.

Source : Channel NewsAsia – 15 Dec 2009

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