Two land parcels were released for sale on Wednesday (Sep 30) by the Urban Redevelopment Authority. Collectively, they can yield about 515 residential units.
Both sites have a lease period of 99 years and they come under the Second Half 2015 Government Land Sales Programme.
The first site – at Alexandra View – has been launched for sale under the Confirmed List. Located near Redhill MRT station, it can accommodate about 400 units with a commercial space on the first floor. The tender for this land parcel will close at noon on Nov 12.
The second site is at Jalan Kandis, close to Sembawang Park. It can yield about 115 residential units, and it is available for sale on the Reserve List.
Analysts expect strong interest in the Alexandra View site due to its proximity to the central business district.
Source : Channel NewsAsia – 30 Sep 2015