Two new residential sites have been launched for sale by public tender on Thursday, to provide home-buyers and developers with more choices for private housing.
The Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) said the sites are at Hillview Avenue and Upper Serangoon View/Upper Serangoon Road.
The two parcels are under the Confirmed List of the first half of this year’s (1H2012) Government Land Sales (GLS) Programme.
Together, they will yield about 805 units, as part of the total 7,000 residential units to be launched under the GLS Programme for the first six months of this year.
The land parcel at Hillview Avenue is about 1.26 ha, located within an established residential estate in the west region.
The site can potentially yield about 370 private housing units and is near the future Cashew and Hillview MRT Stations.
These stations are part of the Downtown Line 2 Mass Rapid Transit system that will provide residents with convenient access to the city centre when it is completed in 2015.
The land parcel at Upper Serangoon View/Upper Serangoon Road is about 1.24 ha, and is located in the north-east region and in close proximity to Hougang MRT Station and Bus Interchange.
Earmarked for an executive condominium development, the site can potentially yield about 435 units and is easily accessible via nearby TPE, KPE and CTE.
Source : Channel NewsAsia – 19 Jan 2012