Thursday, December 22, 2011

Three more GLS sites released

The government has released three residential sites for sale on Thursday. These are at Bedok South Avenue 3, Jervois Road and Boon Lay Way.

The Urban Redevelopment Authority (URA) said they can yield about 1,325 housing units, adding to the 21,560 units launched for sale under the Government Land Sales (GLS) Programme this year.

The land parcels at Bedok South Avenue 3 and Jervois Road are launched for sale under the Confirmed List, while the site at Boon Lay Way is made available for application for sale under the Reserve List of the second half 2011 GLS Programme.

The land parcel at Boon Lay Way in Jurong Gateway, envisioned as Singapore's largest commercial hub outside the city centre, is expected to have a good mix of office, retail, hotel,entertainment, food & beverage (F&B) and other complementary uses. With a site area of about 1.1 hectares, it can potentially yield about 590 housing units.

The 2.8 hectare land parcel at Bedok South Avenue 3 is near Tanah Merah Interchange, while the Jervois Road land parcel, with a site area of about 0.8 hectares, is at the fringe of the city centre near Redhill MRT Station.
Source: Channel News Asia

The wife and I understand that tender for the residential site at Jervois Road will close on February 2, 2012, while the one for Bedok South Avenue 3 will close on February 9, 2012.

And under the Government's Reserve List system, the land parcel at Boon Lay Way will be released for sale if the criteria for the triggering of the site are met. When the site is put up for tender, a tender period of about four weeks will be allowed before the tender closes.

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