HDB to launch tender for Pasir Ris DBSS site

The Housing and Development Board (HDB) is launching the tender for sale of a residential land at Pasir Ris Central under the Design, Build and Sell Scheme (DBSS).

The tender, which will be launched on March 16, will close at noon on May 31.

The 16,388-square-metre site has a maximum allowable gross floor area of over 45,800 square metres.

HDB estimates that 460 dwelling units can be built on the site, which is located near the Pasir Ris MRT station and bus interchange.

The lease is for 103 years, including a 48-month construction period.

So far this year, HDB has sold one DBSS land parcel in Clementi town with an estimated yield of 770 units.

Other than the current site, another two DBSS sites will be launched for tender within the next few months.

One land parcel is at Fernvale Link, which can yield 790 units, and the other is at Bendeemer Road, where about 700 units can be built.

HDB plans to launch enough sites for 4,000 or more DBSS flats this year, provided there is sustained demand.

Source : Channel NewsAsia – 15 Mar 2011

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