The Urban Redevelopment Authority (URA) launched two residential land parcels for sale through public tender yesterday.
Located at Upper Serangoon Road / Pheng Geck Avenue and Serangoon Garden Way, the 99-year leasehold sites were launched for sale under the confirmed list of the 1H2011 Government Land Sales (GLS) programme.
The site has a total area of 8,669 sq m and a maximum gross floor area (GFA) of 30,342 sq m. Zoned for residential development, the land parcel is estimated to yield about 330 housing units. It is located close to Potong Pasir Town and Potong Pasir MRT station.
Meanwhile, the land parcel at Serangoon Garden Way has a site area of 28,401.5 sq m. It is designated for a residential development of up to two storeys, which could yield up to 80 housing units.
The site is situated within the established landed housing estate of Serangoon Gardens and is easily accessible through major roads and expressways, such as the Central Expressway (CTE).
The tender for the residential sites at Upper Serangoon Road / Pheng Geck Avenue and Serangoon Garden Way will close on 11 and 16 August 2011 respectively. The successful bidder will be selected based on the tendered land price only.
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