There is a good news for home hunters in Singapore. They could soon get a chance to have a flat at the new Housing Board flats with coveted sea views along Singapore's East Coast.
Including 6,000 HDB flats, the Government is looking into creating a new Bayshore district. This would be a huge change for the overwhelmingly private estate area located on reclaimed land.
Another 6,500 units will be set aside as private homes.
If the things go as planned, the Bayshore flats would be the first HDB homes built along the East Coast since the old-generation Marine Parade flats constructed in the 1970s, some of which have fetched more than S$900,000 on the resale market in recent months.
The Bayshore district spanning 60ha is surrounded by Bayshore Road, Bedok Camp, the East Coast Parkway and Upper East Coast Road.
With parts of it currently occupied by a forest, it is about two-thirds the size of Bidadari.
The plot is located between two MRT stations on the upcoming Thomson-East Coast Line (TEL) - Bayshore and Bedok South - and is expected to have facilities and services such as schools, shops and an integrated transport hub.
According to the Urban Redevelopment Authority (URA), the tender will be conducted in two phases and the appointed firm will submit its final proposal in December this year.