HDB to put up 3 residential sites for sale on Thursday

Source : Channel NewsAsia – 4 Aug 2010

The Housing and Development Board (HDB) is launching three residential sites at Hougang, Punggol and Pasir Ris for sale on Thursday.

The three sites at Hougang Avenue 7, Punggol Drive/Punggol East and Pasir Ris Drive 3/Pasir Ris Drive 4 can potentially yield about 1,260 dwelling units, of which about 485 are Executive Condominium (EC) units.

HDB said these sites will provide home buyers with more housing choices.

The Hougang site, which is near Hougang Plaza and Hougang Mall, has an area of 15,630 square metres and is proposed for condominium housing. The maximum permissible gross floor area is 42,000 square metres that can potentially yield about 395 units.

The Punggol land parcel, situated near the Kadaloor LRT Station, Punggol Plaza and Compass Point, is meant for EC development.

It has an area of 15,700 square metres, with a maximum allowable gross floor area of 53,380 square metres.

The land parcel at Pasir Ris town is located a short distance from NTUC Downtown East.

It has a site area of 20,000 square metres, with a maximum permissible gross floor area of 42,000 square metres which can potentially yield 380 condominium units.

All the developments will be on a 99-year lease term.

The tenders will close on September 17 for the Hougang site, September 23 for the Punggol land parcel and September 30 for the Pasir Ris site.

In addition to the three sites, the Urban Redevelopment Authority plans to launch a residential site at Petir Road under the Confirmed List later this month.

Another four new residential sites at Elias Road/Pasir Ris Drive 3, West Coast Link/West Coast Crescent, Tanah Merah Kechil Road/Tanah Merah Kechil Link and Alexandra Road will also be made available for application by URA and HDB under the Reserve List this month.

In May, the government announced it was ramping up the supply of private housing via the Government Land Sales (GLS) Programme for the second half of this year to meet the strong demand for private housing and land for residential developments.

This comprises 18 sites that can potentially yield 8,135 private residential units on the Confirmed List, and 13 sites that can potential yield another 5,770 private residential units on the Reserve List.