New land plots released to yield about 950 homes

New land plots released to yield about 950 homes

The Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) have launched two residential sites at Dairy Farm Road and Punggol Way / Punggol Walk respectively for sale by public tender today.

The two land parcels are launched for sale under the Confirmed List of the 2nd half 2012 (2H2012) Government Land Sales (GLS) Programme. Together, these sites will yield about 950 units, as part of the 7,060 residential units to be launched for sale under the 2H2012 GLS Programme.

The 99-year leasehold Dairy Farm Road site, which can be developed into condominium housing, has a site area of 17,545.8 sq m and can potentially yield 390 housing units.

Meanwhile, the 18,747.8 sq m Punggol site is earmarked for an executive condominium (EC) development, with a lease period of 99 years. It can potentially yield 560 housing units.

Tender for the residential sites at Dairy Farm Road and Punggol Way / Punggol Walk will close at 12 noon on Sep 11 and Sep 4 respectively. Selection of the successful tenderer will be based on the tendered land price only.

ellenja@sph.com.sg

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