URA launches residential site in Tampines public tender
By Georgina Joseph, Channel NewsAsia | Posted: 02 February 2010 1259 hrs
The land parcel at Tampines Avenue 1/Avenue 10 is the fourth residential site to be launched for sale under the confirmed list of the Government Land Sales (GLS) Programme for the first half of this year.
With a site area of about 3.2 hectares, the site will have a maximum permissible gross floor area of more than 66,000 square metres, and can potentially yield about 600 housing units.
In line with the announced GLS Programme for the first half of 2010, the government will continue to release residential sites for sale on the confirmed list every month, over the next three months till April.
The government also said that it will continue to monitor the property market closely.
If necessary, more land supply can be injected through GLS Programme for the second half of 2010, in order to ensure that property prices are in line with economic fundamentals.
- CNA/sc
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