SINGAPORE - An executive condominium (EC) site that can accomodate 620 units was rolled out for sale on Thursday.
The 238,848 sq ft site in Sembawang Avenue was made available on the confirmed list under the Government Land Sales programme for the first half of 2014, said the Housing and Development Board.
Confirmed sites go on sale regardless of interest, but those on the reserve list are put up for tender if a developer submits an acceptable initial offer.
Earlier this month, the Government had released a 309,419 sq ft site in Sembawang Road on the reserve list. Also earmarked for executive condominiums, the plot can yield up to 605 units.
Experts were less optimistic about the Sembawang Drive site then, as many ECs such as SkyPark Residences have sprung up in the area recently.
The tender for the site in Sembawang Avenue will close at noon, on July 10.