HDB TO PUT UP BUANGKOK/SENGKANG EAST SITE FOR SALE

Posted on April 6, 2011 by Mindy Yong.
Categories: Property News - Todayonline.

HDB TO PUT UP BUANGKOK/SENGKANG EAST SITE FOR SALE
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The Housing and Development Board will release a Buangkok Drive/Sengkang East Drive residential site for sale on March 30 under the Government Land Sales Programme.

The land parcel is estimated to yield 550 housing units with a maximum permissible gross floor area of 58,648 sq m.

The tender will close at noon on June 2.

CEO of International Property Advisor Ku Swee Yong said that the supply was overwhelming for the area and may create problems, such as traffic congestion, later on.

“Within 15 months from Jan 1 last year till today, we have a potential supply of almost 10,000 units of HDB and 6,000 units of private residences that will be completed in 2014 to 2015.

“And there are more Government Land Sales parcels coming up in the rest of this year – both on the confirmed and reserved lists and including ECs.”

Source : TODAYonline – MediaCorp Press Ltd’s copyright

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