The Housing and Development Board (HDB) awarded a tender yesterday for a site that could yield about 700 DBSS flats in Yishun to Guthrie (DBP) and SK Land for $148,888,888.
The site, with a land area of 27,473 sq m, is at the junction of Yishun Avenue 11 and Yishun Central.
The HDB will tender another three new DBSS sites later this year that could yield 1,590 flats in Tampines, Bedok Reservoir and Upper Serangoon.
The first site in Tampines Avenue 5 and Tampines Central 8 will be launched for sale next month, while the other two at Bedok Reservoir Crescent and Upper Serangoon Road will be rolled out in the second half of this year.
This flat supply will supplement the Build-To-Order system, which is the main supply of new HDB flats.
DBSS flats are developed and sold by private developers. They have a 99-year lease and are sold under similar HDB eligibility conditions.
Ninety-five per cent of the flat supply for public applicants will be set aside for first-timers.
- Source: TODAY, 25 May 2010
