Two EC sites up for sale by tender

The Housing and Development Board (HDB) is putting up two executive condominium (EC) sites at Pasir Ris (Pasir Ris Drive 3 / Pasir Ris Rise) and Yishun (Yishun Avenue 7 / Canberra Drive) for sale.

The higher income ceiling of $12,000 and tiered CPF housing grants announced on August 15 will apply to these two projects.

The tenders will close at noon on October 11 and October 25 for the Pasir Ris and Yishun EC sites respectively.

The two developments are estimated to yield 1,115 housing units.

In addition to these executive condominium sites, the URA has also released two new residential sites at Jalan Loyang Besar/ Pasir Ris Rise and Flora Drive for tender.

These two sites can potentially yield about 770 private homes.

Source : Channel NewsAsia – 25 Aug 2011

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