SINGAPORE – The Housing & Development Board (HDB) on Tuesday (June 28th) launched an Executive Condominium (EC) site at Bukit Batok West Avenue 5 for sale by public tender.
This is the second EC site in Bukit Batok West launched by the HDB in less than a year. The government launched a site at Bukit Batok West Avenue 8 in December last year.
The Bukit Batok West Avenue 5 site has a 99-year lease and falls under the H1 2022 Government Land Sale (GLS) confirmed list.
The plot of land is expected to have 495 EC units in an area of 16,623.7 m² with a maximum gross floor of 49,872 m². The building will have a maximum height of 60-70m from the Singapore datum.
The area will be close to Bukit Batok Hillside Park, Hong Kah North Community Club and Le Quest Shopping Center at 41 Bukit Batok Street.
HDB said in its press release that the bidding for the land parcel will close at noon on September 13, 2022. The bidding closing for this site will be accompanied by two residential sales sites launched by the Urban Redevelopment Authority at Lentor Central and Lentor Hills Road.
The Bukit Batok West Avenue 8 site, which adjoins the newly launched Avenue 5 site, is smaller, with an estimated yield of 375 units. The tender for this site closed on March 8 with nine bidders announced in the provisional tender results.
The site was awarded to CNQC-OS (2) and SNC Realty, at the tender price of $266 million on March 22.
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