SINGAPORE - Three sites on which about 1,500 private homes can be built have been released in December.
One site at Jurong West Street 41 was released for sale Friday, while an executive condominium (EC) site at Woodlands Avenue 12 will go on sale from Dec 16.
The sales conditions for a highly-anticipated commercial and residential site at Holland Road was also released Friday to developers interested in bidding for the site.
The mixed-use plot was to have been put out to tender this month, regardless of interest from developers.
But on Thursday, the sale of the rare site was pushed back as developers must now first make an opening offer acceptable to the Urban Redevelopment Authority (URA), under a "concept and price revenue" tender system - also known as the "two-envelope system" - in which developers submit their design proposals and bid prices separately
The Urban Redevelopment Authority says that Holland Village is one of Singapore's most "distinctive lifestyle destinations".
It identified the area as an identity node - places with distinct character - in the URA Master Plan 2014 in November last year.
The new land parcel will be a mixed-use, pedestrian-oriented development that would add to the vibrancy of Holland Village as a great place to "live, work and play".
"The design of the new development is critical to ensuring good integration with the existing context and setting Holland Village apart as a distinctive and endearing identity node," said URA.
Some conditions of the evaluation criteria include the quality of the design concept and the developers' track record.
The mixed development will give more retail and dining options as well as offer more options for people who want to live in the heart of Holland Village.
Separately, the Jurong West parcel is able to accomodate up to 575 units, while the EC site in Woodlands can have up to 390 units. Both plots have a lease of 99 years.
ECs are a special hybrid of housing built by private developers but sold with conditions set by the Housing Board.