The Urban Redevelopment Authority (URA) launched the residential sites at Hougang Avenue 2 and Upper Serangoon Road/ Pheng Geck Avenue for sale by public tender today.

The land parcel at Hougang Avenue 2 was made available for sale through the Reserve List system of the first half 2010 Government Land Sales (GLS) Programme on 25 February 2010. URA received an application from a developer and the developer has committed to bid at least $109.9 million for the land parcel. The site has an area of about 3.02 ha and can be developed for a low density condominium, flats or landed housing development.

The residential site at Upper Serangoon Road/ Pheng Geck Avenue is released for sale via the Confirmed List in line with the schedule earlier announced under the first half 2010 Government GLS Programme. The land parcel has a site area of about 0.5 ha with a maximum permissible gross floor area (GFA) of 17,402 sqm.

Tender for the Hougang Avenue 2 site will close on 20 May 2010 and the tender for the Upper Serangoon Road/ Pheng Geck Avenue site will close on 2 June 2010.