15 Sep '11, 3am

(CNA|sg) More choice for homebuyers

(CNA|sg) More choice for homebuyers

SINGAPORE: The Housing & Development Board (HDB) released three private residential sites for sale on Thursday. Of the three land parcels, two sites are launched for sale under the Confirmed List of the Government Land Sales Programme. They are located at Punggol Central (Edgedale Plains) and Yishun Avenue 1 (Miltonia Close). A third land parcel, located at Bishan Street 14, is made available for application for sale under the Reserve List. Under the Reserve List System, developers who are interested in purchasing the land can submit their application indicating the minimum offer price to HDB. Upon the acceptance of their application, HDB will put up the land for sale by tender. These three sites can yield an estimated, 1,575 private housing units. In addition to the three residential sites released by HDB, the Urban Redevelopment Authority also released one new residentia...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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