Tuesday, August 31, 2010

BT - URA releases 4 residential sites for sale

Business Times - 31 Aug 2010


URA releases 4 residential sites for sale

By BERNICE BONG

SINGAPORE - The government has put a site at Petir Road up for sale under the confirmed list of the government land sales programme.

On top of this, it has made three plots on the reserve list at Alexandra Road, Tanah Merah Kechil Road and West Coast

Link/West Coast Crescent available for application.

The Urban Redevelopment Authority (URA) released details of the sites on Tuesday.

The 99-year leasehold plot at Petir Road is 2.3 hectares and can be developed into a condominium project or flats.

The site has a maximum permissible gross floor area (GFA) of 514,116 sq ft, potentially yielding 430 units.

The land parcel, in the west region of Singapore, will enjoy easy

access to other parts of the island as it is located near the future Hillview and Cashew Mass Rapid Transit (MRT) Stations, which are part of the future Downtown Line 2.

The tender for the Petir Road site will close at 12 noon on Oct 7 2010.

Over at Alexandra Road, interested developers can start submitting applications for a 99-year leasehold 1.0 ha site.

It has a maximum GFA of 524,934 sq ft and can accommodate an estimated 490 units.

Situated within an established residential estate in the central region, the site is also just a short walk away from Redhill MRT Station.

The 1.4 ha land parcel at Tanah Merah Kechil Road has a maximum GFA of 421,902 sq ft and can accommodate an estimated 470 units. It is close to the Tanah Merah MRT Interchange Station.

At the junction of West Coast Link and West Coast Crescent, the the 1.3 ha land parcel has a maximun GFA of 381,526 sq ft and can

potentially yield about 360 housing units.

Besides the four URA sites, the HDB has also made available a residential site at the junction of Elias Road and Pasir Ris Drive 3 for application for sale on the reserve list on Tuesday.

Together, the five residential sites can potentially yield about 2,045 housing units.

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