HDB to sell Simei site under Design, Build and Sell Scheme

The Housing and Development Board (HDB) has launched the sale of a new site in Simei under its Design, Build and Sell Scheme (DBSS).

Analysts said the plot of land near the Simei MRT station should attract medium-sized developers and construction companies to bid between S$49 million and S$76 million.

With an area of over 16,000 square metres, an estimated 320 to 360 units can be built there.

A higher portion of bigger flats is expected to be built at the site, and analysts said they anticipate a healthy demand from new families and HDB upgraders.

This is the fifth plot of land offered under the DBSS.

One attraction of the site is the presence of many schools nearby, including Griffiths Primary School, Anglican High School, Tampines Junior College and Temasek Polytechnic.

Developers who are interested in the site have until 3 June to submit their tender.

Other recent developments under the DBSS include City View @ Boon Keng, which costs S$520 per square foot on average. – CNA/ac

Source : Channel NewsAsia – 7 Apr 2008

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