State land in Pasir Ris available

The Housing and Development Board (HDB) will make available a State land parcel in Pasir Ris under the Reserve List of the GLS Programme from today.

The 99-year leasehold site is located at the junction of Pasir Ris Drive 3 and Pasir Ris Drive 4. HDB said some 380 residential units can be built on the site designated for condominium housing.

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 land parcel has a land area of 20,000 square metres and a maximum gross plot ratio of 2.1.

The site is served by an efficient public transport network, which is connected to all parts of Singapore. Besides being close to Hai Sing Catholic School and shopping malls such as White Sands and Elias Mall, residents can also enjoy the proximity to amenities like Pasir Ris Park, Downtown East and NTUC Lifestyle World.

For the first half of 2010, 18 sites yielding 7,625 units were placed on the Reserve List. Of these, eight sites yielding 3,345 units have been sold or are being tendered after they have been successfully triggered from the Reserve List. There are another 10 sites – including the Pasir Ris site released yesterday – potentially yielding 4,280 units that are still available for sale.

Source : Today – 28 Apr 2010

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