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THE Housing & Development Board (HDB) on Monday launched a mixed commercial and residential site at Upper Serangoon Road for sale by public tender under the government land sales (GLS) Programme.
As part of the development of Bidadari Estate, the site was previously scheduled for sale in December 2016 but was deferred to allow the site requirements to be finalised for comprehensive development.
At that time, consultants had noted that it was rare for the authorities to defer the tender of a site so close to its launch date. They had called this a "choice" site, being next to Woodleigh MRT Station, and had expected the land parcel to fetch five to 18 bids.
Their forecasts for the highest bid ranged from S$750 to S$920 per square foot per plot ratio.
The plot has an area of 25,440.8 square metres (sq m), which can yield a maximum gross floor area of 89,043 sq m. It can yield about 825 housing units.
The tender will close at noon on June 13, 2017.