Lor Lew Lian housing site triggered for tender

Singapore

FOR the first time in about 21 months, a private housing site on the reserve list of the Government Land Sales (GLS) Programme has been triggered for release.

Located in Lorong Lew Lian, near Serangoon MRT Station and Nex mall, the plum 99-year leasehold site can be developed into a private condo project with about 465 units, based on estimates stated in the current H2 2015 GLS Programme.

The S$250 million minimum bid price undertaking given by an unnamed developer that made the successful application for the site's release, translates to S$552.93 per square foot of potential gross floor area.

The 1.4-hectare site is bounded by Lorong Lew Lian, Upper Serangoon Road and Upp…