2 adjoining sites in Upper Serangoon View up for tender
99-year leasehold sites to generate total of 920 homes
[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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co