POSTED: 16 Dec 2013 16:21 | CNA

SINGAPORE: Five residential sites have been released for sale under the second half 2013 Government Land Sales (GLS) Programme.

Together, the five land parcels can yield about 3,000 residential units.

In a joint statement on Monday, the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) said this would provide developers and home-buyers with more choices for private housing.

The residential site at Geylang East Ave 1 is located near the Aljunied MRT station and amenities such as schools and the Geylang East public library.

It was triggered for sale through the Reserve List system when a developer committed to bid at least S$95 million for the land parcel in the public tender.

Meanwhile, the land parcel at Yishun Avenue 9 and two Executive Condominium sites at Choa Chu Kang Grove were also launched for sale on Monday, while the residential site at Sims Drive will be launched for sale on December 30.

These four residential sites were released for sale under the Confirmed List, as earlier announced in the 2H2013 GLS Programme.

– CNA/al

http://www.channelnewsasia.com/news/business/singapore/five-residential-sites/924304.html