A Design, Build and Sell Scheme (DBSS) site at Upper Serangoon Road has been released for sale by public tender by the Housing & Development Board (HDB).
HDB said the site has an area of 20,000 square metres and a maximum allowable gross floor area of 70,000 square metres.
It is expected to yield about 630 units and has a lease term of 103 years, including a 48-month construction period.
Located just across Punggol Park, the site is near amenities like Hougang Mall and Kang Kar Mall, as well as schools like Xinmin Primary.
HDB said another DBSS site at Yuan Ching Road and Corporation Drive will be launched for tender next month.
That site is expected to yield 580 units.
HDB said more sites for DBSS development will be made available if there is sustained demand.
Source : Channel NewsAsia – 11 Oct 2010