URA, HDB releases land for construction of 1,880 homes in Singapore

For constructing homes, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) have released three sites for sale in Singapore. These sites include Dairy Farm Road, Sims Drive and Tampines Avenue 10.

Issuing a press release, authorities said, “The URA site at Dairy Farm Road is for residential development and commercial use at the first storey.  The site at Sims Drive is for residential purposes and the site at Tampines Avenue 10 is slated for an HDB executive condominium.”

The Dairy Farm Road land parcel located opposite the Dairy Farm Nature Park, is more than 19,000 sq m in size.
The Dairy Farm Road land parcel located opposite the Dairy Farm Nature Park, is more than 19,000 sq m in size. Photo courtesy: URA

All the three sites can yield an estimated 1,880 residential units, with about 500 housing units at Dairy Farm Road, 680 at Sims Drive and up to 700 at Tampines Avenue 10. These sites also have a lease of 99 years.

URA has also released the specification of all the three sites. The Dairy Farm Road land parcel located opposite the Dairy Farm Nature Park, is more than 19,000 sq m in size and has a permissible gross floor area (GFA) of about 41,000 sq m.

The Sim Drive site located near the Sims Vista market, is 16,000sq m in area and has an estimated GFA of about 48,000 sq m.

The Sim Drive site located near the Sims Vista market, is 16,000sq m in area.
The Sim Drive site located near the Sims Vista market, is 16,000sq m in area. Photo courtesy: URA

The Tampines EC site is located near an international school, as well as other HDB blocks and condominiums. This site measures about 25,000 sq m and it has a maximum GFA of close to 70,000 sq m.

All the three sites have been released under the first half 2018 Government Land Sales (GLS) programme. URA acts as agent for the State in carrying out land sales for commercial, hotel and private residential developments in Singapore.

Author
CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK and Dubai. Connected to India covers developments around Indians abroad, informing, engaging and entertaining its audiences.

Comments
Poll

Does real estate in India continue to attract you as an investment opportunity?

  • Yes - source of highest returns
  • Average - depends on the project
  • No - now I invest in the resident country
Answer
Write your story

Contribute an Article

Learn more