SG HDB, URA to release 4 sites for sale
Property Here - Monday, April 15, 2013
The HDB and URA will release four residential sites this month that will yield approximately 1,800 units under the Government Land Sales (GLS) Programme for 1H2013.
An executive condominium (EC) site at Anchorvale Crescent and two residential plots at Faber Walk and Fernvale Close were launched under the confirmed list, while the remaining EC site at Punggol Central will be launched on 29 April, also under the confirmed list.
The Anchorvale Crescent site has a maximum gross floor area (GFA) of 69,000 sq m. Offered on a 99-year lease, the site launched by the housing board is expected to yield 690 housing units.
The land parcel at Faber Walk has a maximum GFA of 21,176 sq m and is located within an established residential estate. It enjoys direct access to Ulu Pandan Park Connector and is within proximity to commercial amenities in Jurong like JCube, IMM and the upcoming JEM and Westgate.
Meanwhile, the Fernvale Close plot has a maximum GFA of 44,791.5 sq m and is expected to be developed into 495 homes. Apart from being close to Layar LRT station, the site also has frontage on Sungei Punggol as well as nearby amenities like Sengkang Floating Wetland, Sengkang Riverside Park and Sengkang Sports & Recreation Centre.
Lastly, the site at Punggol Central/Edgedale Plains has a maximum GFA of 40,694.4 sq m and could yield 395 housing units. Nearby amenities include Punggol Promenade, the award-winning My Waterway @ Punggol and shopping malls like Punggol Plaza and the upcoming Waterway Point.
The tender for the Anchorvale Crescent site will close on 30 May while the other three tenders are set to end on 13 June for Fernvale Close, 18 June for Faber Walk and 30 July for Punggol Central.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email email@example.com