HDB is launching a tender for a mixed commercial and residential sale site in Punggol Town Centre on Tuesday.
It said the site can potentially yield 50,400 square metres of gross commercial space and 685 housing units.
The site, occupying 3 hectares, is being released for tender under the Confirmed List Government Land Sales (GLS) Programme for the second half of this year.
HDB said this development will play a key role in making Punggol Town Centre a vibrant centre of activity for residents.
There are about 18,000 flats in Punggol town currently.
By 2015, it is estimated to reach 35,000 flats, which is similar in size to Toa Payoh.
More sites for public and private residential development are in the pipeline, further boosting the population base.
Source : Channel NewsAsia – 29 Nov 2010