The Housing and Development Board (HDB) will launch a residential site located at Tampines Avenue 5 / Central 8 for sale by public tender under the Design, Build and Sell Scheme (DBSS) on 23 Jun 2010. The site is adjacent to the first DBSS project, The Premiere@Tampines.

The proposed housing will have a site area of 21,131.7 sq m and a maximum allowable GFA of 63,395.1 sq m. Some 580 housing units are expected to be built there.

Its lease term is 103 years, which includes a 48-month construction period. The tender will close at 12 noon on 3 Aug 2010.

Under DBSS, the developer tenders for the land and enjoys flexibility in designing, pricing and selling the flats subject to the relevant legislation and rules to preserve the character of public housing. Upon completion of the building, the developer will hand over the entire development site to HDB for lease administration, and to the Town Council for maintenance of the common areas. Flats sold under DBSS come with a 99-year lease and will be offered to buyers under similar HDB eligibility conditions.

HDB will release another 2 DBSS sites for tender in the second half of 2010. They are land parcels at Bedok Reservoir Crescent and at Upper Serangoon Road, with a combined estimated yield of 1,010 units.