HDB, URA to release 4 residential sites in April

Another four residential sites, which can potentially yield about 1,885 housing units, will be released in April to provide developers and home-buyers with more choices.

The Housing & Development Board (HDB) will release a residential site at Sengkang Square/Compassvale Drive for sale on Wednesday under the Reserve List of the Government Land Sales Programme for the first half of this year.

It said the site, located opposite the Sengkang Town Centre, is slated for condominium housing and will potentially yield about 710 dwelling units.

The 99-year leasehold land parcel has a site area of 21,472 square metres and a maximum gross floor area of 64,416 square metres.

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.

In addition to this site, the Urban Redevelopment Authority (URA) will also be releasing two new residential sites at Woodlands Avenue 2/Rosewood Drive and Flora Drive under the Confirmed List.

Another residential site at Hillview Avenue will also be released under the Reserve List later this month.

Source : Channel NewsAsia – 5 Apr 2011