Residential site in Sengkang to be launched for public tender

The Housing Development Board (HDB) has received an application from a property developer to launch a residential site located at Sengkang West Avenue for public tender.

The parcel of land is under HDB's Reserve List System.

Under the Reserve List System, a site will only be put up for public tender if the government receives an application from a developer at or above the minimum price that is acceptable to them.

In this case, the Sengkang site is being offered at a minimum price of $70 million.

HDB will launch the site for tender in two weeks' time.

A 99-year leasehold condominium development is being planned for the 183,000-sq-ft site.