SINGAPORE - Two land parcels were released for sale on Wednesday (Sept 30) by the Urban Redevelopment Authority (URA), which together can yield about 515 residential units.
One site has already been launched for sale under URA's "Confimed List". The parcel at Alexandra View is next to Redhill MRT station and can accommodate 400 units, with the first storey slated for commercial space.
The 8,400 square metre parcel has a maximum gross floor area of 41,153 sq m. The tender for the site will close at 12 pm on Nov 12.
The other site has been made available for sale under the "Reserve List", which means it will be put up for sale if a developer's indicated minimum price is acceptable to the Government.
The parcel is located at Jalan Kandis, near Sembawang Park, and can yield about 115 residential units. The 7,047 sq m parcel has a maximum gross floor area of 9,866 sq m.
Both sites, which come under the 2nd Half 2015 Government Land Sales Programme, have 99-year leases.