Wednesday, March 31, 2010

Yishun site for tender

THE Housing Board (HDB) is launching a housing site at Yishun for tender today which will add another 700 homes to the housing stock.

The site, at the junction of Yishun Avenue 11 and Yishun Central, is being launched under the HDB’s design, build and sell scheme (DBSS).

This allows private developers to design, build and sell the homes directly to flat buyers. Such flats come with finishes similar to private property but are subject to HDB rules.

The site is a short distance away from the Yishun Town Centre, Yishun MRT station and bus interchange, and schools such as Huamin Primary School, North View Secondary School and Chung Cheng High School.

The leasehold site has a gross floor area of about 828,000 sq ft which includes 10,700 sq ft of space for commercial facilities and childcare centre.

This is the latest in a string of land sale tenders by the Government recently, which is moving to address concerns over the shortage of supply in the property market.

HDB’s latest site launch is in addition to its plan to offer at least 12,000 new build-to-order flats this year – or more if there is demand.

New projects will be spread across towns such as Punggol, Sengkang, Yishun and Jurong West.

HDB said yesterday it will continue to monitor the housing demand.

More sites for DBSS development will be made available in the coming months if there is demand. The latest tender will close at noon on May 18.

Source: Straits Times, 31 Mar 2010

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