World Class Land has been awarded the tender for a residential site (pictured) at Faber Walk at a bid price of S$156.68 million.
The Urban Redevelopment Authority (URA) launched the tender for the 15,125.4sq m site on 15 April. The site attracted 18 bidders at the close of the tender on Tuesday with World Class Land posting the highest bid.
With a maximum gross floor area (GFA) of 21,176 sq m, the residential site is expected to yield 210 housing units.
Source : PropGuru – 21 Jun 2013
The government will release more land that will make way for some 3,600 private housing units.
Three residential sites and two commercial & residential sites will be released this month under the Government Land Sales Programme for the first half of 2013.
Two Executive Condominium sites at Punggol Drive and Yuan Ching Road are launched for sale on Monday under the Confirmed List.
The residential site at Mount Sophia and a commercial & residential site at Yishun Central 1 will be launched for sale under the Confirmed List on June 28.
The commercial & residential site at Meyappa Chettiar Road will be made available for application on the Reserve List on the same day.
Source – CNA – 17 Jun 2013