URA Offers Two More Residential Sites For Sale
by Jonathan Peeris
SINGAPORE – Two more residential sites are now available, potentially yielding about 1,260 units that will offer homebuyers with more housing choices.
The Urban Redevelopment Authority (URA) yesterday put up for tender a land parcel at Bedok Reservoir Road, the first residential site to be sold through the Confirmed List under the Government Land Sales Programme for the first half of this year.
At about 4.6 hectares, the site will have a maximum permissible gross floor area of over 63,000 sq m and can yield about 640 housing units.
The site is well connected to major expressways and is close to the future Bedok Town Park MRT Station on the Downtown Line. The tender will close on March 3.
The URA will also make available a residential site at Bartley Road and Lorong How Sun. The tender was triggered after the URA received an application from a developer who committed to bid not less than $191.7 million. This land parcel has been on the Reserve List system since November 2009.
The site has an area of about 2.21 hectares and a maximum permissible gross floor area of over 61,000 sq m. It can potentially yield about 620 housing units.
The URA will launch the public tender for the site in about three weeks.
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