A private residential site at Serangoon North Avenue 1 that could potentially yield up to 505 units has been released by the Urban Redevelopment Authority (URA) on Thursday for application.
It is under the Reserve List of the second half 2016 government land sales (GLS) programme. Sites on the Reserve List are triggered for tender only when there is a minimum acceptable bid.
The 99-year 1.7 ha leasehold site is located near Chomp Chomp Food Centre and Serangoon Garden Market. It has a maximum gross floor area of 42,973 sq m given its maximum building height of two storeys within the low-rise zone.