Three GLS sites launched for sale

SINGAPORE - The Housing and Development Board is launching today the tender for three 99-year leasehold residential sites under the Government Land Sales Programme for the first half of this year.

The first site, at Bishan Street 14, has an area of almost 12,000 sq m and can potentially yield 650 dwelling units. The site is located near Bishan MRT Station and Junction 8 Shopping Mall, Raffles Institution and Catholic High School.

The land parcel under the Reserve List has been put up for tender after a developer committed to bid at least $189.8 million. The tender will close on Feb 24.

The second site, located along Sengkang Square and Compassvale Road, has an area of 17,700 sq m and can potentially yield 530 dwelling units. The site is located near Compass Point shopping mall, Sengkang Community Club and the Tampines Expressway. The tender will close on March 15.

The third land parcel is located at Choa Chu Kang Drive and has an area of 17,589.8 sq m with a potential yield of 490 dwelling units. The site is located near Lot 1 shopping mall, Yew Tee Square and Choa Chu Kang Stadium. This tender will close on March 22.

05:55 AM Jan 21, 2011

Source: www.todayonline.com