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HDB Put Up 3 Residential Sites For Sale On Thursday

-- 2010-08-05 18:01:41

The Housing & Development Board (HDB) launches three residential sites at Hougang Avenue 7, Punggol Drive/Punggol East and Pasir Ris Drive 3/Pasir Ris Drive 4 for sale on 5 August 2010.

All the developments will be on a 99-year lease term. These 3 sites can potentially yield about 1,260 dwelling units, of which about 485 are Executive Condominium (EC) units. These sites will provide home buyers with more housing choices. According to HDB these sites will provide home buyers with more housing choices.

The land parcel at Punggol, situated near the Kadaloor LRT Station, Punggol Plaza and Compass Point, is meant for EC development with a maximum site area of 15,630.4 sq m and a maximum permissible gross floor area (GFA) of 43,765.12 sq m.

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

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. 

The 18 sites that can provide 8,135 private residential units on the Confirmed List, and 13 sites that can provide another 5,770 private residential units on the Reserve List.

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