Two sites yielding 1,000 units released under H2 2014 GLS program

[princess_morbucks]

http://www.businesstimes.com.sg/unca...es-programme-2

THE Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) are releasing two sites, which are expected to yield about 1,000 units, under the H2 2014 Government Land Sales Programme.

The first is a residential with first storey commercial site at Upper Serangoon Road. It has been launched for sale under the Confirmed List. The 99-year leasehold plot has a site area of about 10,097.2 square metres, and has permissible gross floor area of about 30,292 sq m. The maximum building height for the site is part three-storey, part five-storey. It is expected to yield about 340 housing units. The tender for the site will close at 12 noon on Nov 13.

The second site, a residential plot at Dundee Road, will be made available for sale on the Reserve List from Thursday. The 10,516.1 sq m site has maximum gross floor area of about 51,529 sq m. The 99-year leasehold plot is expected to yield 645 units.

[princess_morbucks]

http://www.channelnewsasia.com/news/...tml?cid=TWTCNA

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[august]

The Dundee one will be interesting. May put some price pressure on Commonwealth Towers and their buyers if eventual bid is comparatively lower under current weak market.

[Kelonguni]

The Dundee one will be interesting. May put some price pressure on Commonwealth Towers and their buyers if eventual bid is comparatively lower under current weak market.

I read that it is a HDB site. Dundee is released by HDB no?

[august]

I read that it is a HDB site. Dundee is released by HDB no?

Likewise Commonwealth Tower is formerly a HDB site.

[Eh]

And slowly but surely they are remaking queenstown again.