AsiaOne | Monday, Dec 16, 2013 | SPH

SINGAPORE

Five residential sites will be released by the Housing Board (HDB) and Urban Redevelopment Authority (URA) under the Government Land Sales Programme for the second half of this year.

They are estimated to yield about 3,000 housing units in total.

The residential site at Geylang East Ave 1 was launched for sale today, triggered through the Reserve List system when a developer committed to bid at least $95 million for the land parcel in the public tender.

Also launched today were the Yishun Avenue 9 residential site and two Executive Condominium (EC) sites at Choa Chu Kang Grove, while the residential site at Sims Drive will be launched for sale on December 30, 2013, all under the Confirmed List.

The Geylang East Ave 1 and Yishun Avenue 9 tenders will close on January 23, 2014 and March 11, 2014 respectively. The closing date for the tenders for the two EC sites at Choa Chu Kang Grove is February 25, 2014, and April 29, 2014 for the Sims Drive site.

More details on the land parcels are available on the HDB and URA websites.

http://business.asiaone.com/news/govt-releases-5-land-parcels-yield-about-3000-homes