HDB launches Sengkang site for sale

A land parcel in Sengkang meant for a condominium development has been launched for sale by public tender.

The Housing & Development Board (HDB) is launching the condominium housing site at Sengkang West Avenue and Fernvale Link for sale.

Interested developers have to submit a minimum bid of S$70 million.

The site was made available for sale through the reserve list in June last year. HDB said a developer has committed to submit a minimum bid of S$70 million.

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

The land parcel has a 99-year lease term and sits on a site area that is close to 17,000 square metres.

The maximum allowable gross floor area is about 51,000 square metres.

Source : Channel NewsAsia – 7 Jan 2010

Join The Discussion

Compare listings