HDB Offers Toa Payoh Commercial Site For Sale By Tender

Source : Channel NewsAsia, 29 August 2007

SINGAPORE : The Housing and Development Board (HDB) has put up a commercial site along Lorong 6 Toa Payoh for sale by tender.

The 1,400 square metre site is being offered for sale under the Confirmed List of the Government Land Sales Programme.

It has a maximum gross floor area of about 4,200 square metres.

The 99-year leasehold site is located near the HDB Hub.

Property consultant CB Richard Ellis expects the successful bidder to devote 100 percent of the maximum gross floor area for retail use.

It expects to see bids of between S$600 and S$700 per square foot per plot ratio. - CNA/ch