HDB to release two residential sites at Woodgrove and Serangoon

The Housing & Development Board (HDB) will release two residential sites at Woodlands and Serangoon on Wednesday.

The two sites at Woodlands Avenue 1/Woodgrove Avenue and Upper Serangoon Avenue can potentially yield about 805 dwelling units.

HDB said the two sites will offer home buyers with more housing choices.

The Woodlands site, which is near the Woodlands MRT and regional bus interchange, has an area of 20,948 square metres and is proposed for Strata Landed or Condominium Housing. The maximum permissible gross floor area is 29,327.20 square metres that can potentially yield about 265 units depending on the type of proposed development.

The Serangoon site, which is near Hougang Plaza and Hougang Mall, has an area of 13,000.3 square metres and is proposed for for Condominium Housing. The maximum permissible gross floor area is 45,501.05 square metres that can potentially yield about 540 condominium units.

All the developments will be on a 99-year lease term.

The tenders will close on Nov 4 for the Woodlands site and Nov 9 for the Serangoon site.

HDB said 18 sites have been placed on the Confirmed list and 13 sites on the Reserve List for private residential development under the GLS Programme for the second half of the year to meet the rising demand for private housing and land for private residential development.

They can potentially yield almost 14,000 private residential units, the highest potential supply quantum from any half yearly Government Land Sales Programme since 2001.

Most of these sites are located in Outside Central Region or in locations in the Rest of Central Region where more affordable private housing is expected to be built.

In addition to the two sites, HDB will also be releasing another two new residential sites for Executive Condominium development at Tampines Avenue 8 and Segar Road under the Confirmed List in October 2010.

Source : Channel NewsAsia – 21 Sep 2010

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