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