Another plot of land meant for Executive Condominiums (EC) will be put up for tender.
The Housing and Development Board (HDB) said on Thursday that it will launch the tender of the land parcel at Sengkang East Avenue and Buangkok Drive in two weeks.
The site, which was placed on the government’s Reserve List System, has a 99-year-lease.
It has an area of about 17,000 square metres, which can yield an estimated 465 housing units.
Developers keen on the land parcel must put in a minimum offer of S$103.8 million.
So far this year, HDB has sold two EC sites in Jurong West and Yishun.
Another two EC sites in Jurong West and Punggol remain on the Reserve List for the first half of this year’s Government Land Sales programme.
Just last month, National Development Minister Mah Bow Tan pledged to build more ECs, to cater to the housing needs of the sandwiched middle class.
Source : Channel NewsAsia – 1 Apr 2010