SINGAPORE - Three government sites for private homes were launched for sale today. Two parcels, at Fernvale Road, are adjacent to each other under a pairing scheme that is seen as a deterrent from overly aggressive bids by developers.
The remaining site, at Choa Chu Kang, is for an executive condominium (EC).
The 99-year-lease sites are on the Confirmed List under the Government Land Sales Programme for the first half year.
Together, they can yield about 1,700 homes.
The EC site at Choa Chu Kang Drive takes up 19,058 square metres (sqm) and can accommodate some 535 units.
At Fernvale, the larger site (Parcel B, 17,413.9 sqm) is estimated to yield 580 homes, with the marginally smaller site (Parcel A, 16,603.9sqm) expected to accommodate 550 homes.
The closing date for tender of the Fernvale sites is Aug 7. Tender for the Choa Chu Kang site closes on Sept 4.