HDB launches three sites for sale

The Housing and Development Board, HDB, has launched three sites for sale by tender under the second half of the Government Land Sales or GLS Programme.

Two of them are residential sites and one is a mixed commercial-residential site.

The mixed development site is located at the junction of New Upper Changi Road and Bedok North Drive.

One of the residential sites in Jurong West is meant for an executive condominium development.

The other site at Miltonia Close in Yishun is slated for strata housing.

HDB says the three sites can potentially yield about 1,300 housing units of which about 460 are Executive Condominium (EC) units.

In addition to the three sites released by HDB today, URA will also be launching another three sites with residential component in the later part of this month.

These include a residential site at Jalan Eunos/ Foo Kim Lin Road, and a white site at Peck Seah Street/ Choon Guan Street which are released for sale under the Confirmed List.

Another residential site at Buangkok Drive/ Sengkang Central will be made available for application under the Reserve List.

The GLS Programme for the second half of this year comprises 27 residential sites and four mixed-use sites where private residential housing can be built.

The total potential supply quantum of 13,905 private residential units is the highest potential supply quantum from any half yearly GLS Programme since the Confirmed List/Reserve List system started in second half of 2001.

Source : Channel NewsAsia – 1 Jul 2010

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