HDB to release land site for executive condo housing

The HDB will release another land site meant for executive condominium housing.

The site at Upper Serangoon View is being made available for application under the reserve list of the government land sales programme for the first half of this year.

Under the Reserve List System, developers who are interested in purchasing the land can submit their application indicating the minimum offer price to HDB.

Upon acceptance of their application, HDB will put up the land for sale by tender.

The site could yield some 420 housing units.

On top of this site to be released on Wednesday, HDB and URA will also be releasing three new residential sites — Punggol, Serangoon Garden Way and Upper Serangoon — and one new commercial site at Robinson Road under the Confirmed List in June.

The four residential sites can potentially yield 1,380 residential units.

This is part of the total 14,310 residential units that could be generated from both the Confirmed and Reserve Lists in the 1H2011 GLS Programme.

Source : Channel NewsAsia – 31 May 2011

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