Government to release residential sites with expected yield of 1,900 housing units in October 2011

To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing Development Board (HDB) will be releasing four residential sites for sale in October 2011. Together, these sites will yield about 1,900 units, adding to the 13,825 units which have been launched under the Government Land Sales (GLS) Programme this year. The supply of private housing released is higher than the 13,260 units which were launched in the first ten months of 2010.

The residential site at Alexandra Road is launched for sale by public tender today under the Confirmed List of the 2nd half 2011 (2H2011) GLS Programme. This land parcel can yield about 545 housing units.

In addition, three other residential sites will be released for sale on 27 October 2011. The two residential sites at Chestnut Avenue / Almond Avenue and Punggol Central / Punggol Plains will be released for sale via the Confirmed List while another Executive Condominium (EC) site at Fernvale Lane will be made available for application for sale on the Reserve List. These three sites can potentially yield another 1,345 housing units.

The land parcel at Alexandra Road is situated within an established residential estate in the central region, the site area is about 1 ha and a maximum permissible gross floor area (GFA) of 48,768 sqm. Residents of the future development will also enjoy convenient access to all parts of the island via the nearby Redhill MRT station.