UPDATED: A residential site at Fernvale Road in Sengkang was launched for sale by public tender on Tuesday (16 August), said the Urban Redevelopment Authority (URA).
Offered on a 99-year lease, the 17,196.4 sq m site has a maximum gross floor area of 51,590 sq m.
Released under the confirmed list of the second half 2016 Government Land Sales (GLS) Programme, it can yield up to 605 units.
The site is close to the Thanggam LRT station, eateries along Jalan Kayu, The Seletar Mall and the Tampines Expressway.
Analysts expect the site to draw more developer interest. “Including the Fernvale Road site, only three residential sites are confirmed for sale in this second half of 2016. This will certainly nudge developers to bid for the site. Competition will be keen especially from developers who have not been awarded any residential sites for the past few tenders,” said Desmond Sim, Head, CBRE Research, Singapore and South East Asia.
The tender for the land parcel will close on 27 September, said the URA.