More residential sites

Residential Sites

Residential Sites

THE Government on Friday announced that its land sales programme for the first half of 2010 will have 42 sites, including a slew of residential plots.

Eight of the sites are on the confirmed list, which means that these will be put up for tender regardless of developers’ interest, and these are all for residential developments.

The rest of the sites are on the reserve list, where sites will be pushed out for sale only after a developer indicates his interest by committing to a minimum bid.

Of the 24 residential sites and two mixed-use sites where private homes can be built, 10 are new ones and five are sites for executive condominiums (EC).

All the residential sites are located outside the city centre, where more affordable private housing are expected to be built.

The confirmed list sites include sites in Tampines Avenue 1, Sembawang Road and a new EC site in Buangkok Drive.

SOURCE: Straits Times

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