23 Apr '17, 12am

The Government land sales for private home developments are ongoing with choices of condominium and landed house....

Two housing sites at Stirling Road and Lorong 1 Realty Park were launched for sale by public tender by the Urban Redevelopment Authority (URA) on Thursday (21 April). Offered on a 99-year leasehold tenure, both sites can potentially yield about 1,160 units. The 21,109.5 sq m plot at Stirling Road is zoned for residential. It has a maximum gross floor area (GFA) 88,660 sq m and 1,110 flats are expected to be built there. Originally, this site was released for sale as two smaller adjacent plots in March 2010, but these were subsequently combined and offered as a single parcel via the 1H 2012 Reserve List. It was triggered for sale after URA announced on 10 April 2017 that a developer has committed to a minimum bid price of S$685.25 million. Meanwhile, the 13,398.6 sq m site at Lorong 1 Realty Park is zoned for conventional and/or strata landed homes. Expected to yield about ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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