25 May '11, 10pm

HDB launches sale of Punggol EC site

The Housing & Development Board (HDB) has put up an Executive Condominium (EC) housing site at Punggol Way for sale. The land parcel was released for sale under the Confirmed List of the first half of the Government Land Sales programme. The 99-year lease site can yield up to an estimated 720 housing units. The HDB says the land parcel has a site area of about 25,000 sq m, with a maximum gross floor area of around 75,500 sq m. It added that the site is located in Punggol Town, and is near the Punggol transport hub comprising the LRT, MRT and a bus interchange. Analysts agree that the site is well located. Mr Nicholas Mak, executive director of SLP International Property Consultants, said: "This land parcel is located only about 700m from the Punggol MRT Station and the future EC development is likely to be popular with home buyers. Although there is another EC project in P...

Full article: http://www.todayonline.com/Business/EDC110526-0000356/HDB...

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