2 adjoining sites in Upper Serangoon View up for tender

[SINGAPORE] The government has released two adjoining private housing sites in Upper Serangoon View fronting Sungei Serangoon for tender, the first under the second-half 2013 confirmed list.

Located about one kilometre from the Hougang MRT Station, the 99-year leasehold sites are estimated to generate a total of 920 homes.

Tenders for both sites will close on the same day on Nov 28, as "part of the Government's initiative to encourage more prudent bidding", Urban Redevelopment Authority said. Another pair of adjacent sites - in Choa Chua Kang Grove for executive condo development - are slated for release in December.

While some property consultants expect land-hungry developers to drive up interest and winning bids for the Upper Serangoon View sites, others suggest developers may be cautious and weig…