URA launches 3 residential sites, could yield 1,955 homes
Location plan for the site at Woodleigh Lane. Source: URA
Three 99-year leasehold residential sites at Woodleigh Lane, Serangoon North Avenue 1 and Yishun Avenue 9 were released for sale on Tuesday (30 May) under the first half 2017 Government Land Sales (GLS) Programme, said the Urban Redevelopment Authority (URA).
Together, these sites could yield about 1,955 housing units.
The 1.9ha site at Woodleigh Lane was launched for sale under the confirmed list. Located next to Woodleigh MRT station, it is expected to yield 735 units. The site is close to NEX shopping mall, various schools such as St Andrew’s Secondary School and Maris Stella High School, as well as future amenities at the adjacent Bidadari New Town.
Also launched under the confirmed list is the 1.7ha Serangoon North Avenue 1 site, which could yield up to 505 homes. It is within proximity to eateries in Serangoon Gardens such as Chomp Chomp Food Centre and Serangoon Garden Market. Rosyth School and Nanyang Junior College are also nearby.
Meanwhile, the large 2.1ha site at Yishun Avenue 9 is available for application under the reserve list. Located in an established HDB estate, the plot could yield 715 units. Northpoint Shopping Centre and Junction Nine are within the vicinity. The future residential project is also ideal for families with school-going children as it is near Northland Primary School and Chung Cheng High School (Yishun).
The tenders for the Woodleigh Lane and Serangoon North Avenue 1 sites will close on 11 July and 27 July respectively, said the URA.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
