HDB Offers AMK Site For Tender Under DBSS

Source : Channel NewsAsia, 11 September 2007

SINGAPORE: The HDB has put up a new site for tender under the Design, Build and Sell Scheme (DBSS).

Located at Ang Mo Kio St 52, it has an area of 16,789.1 square metres and an allowable gross floor area of 58,761.85 square metres.

Building height is restricted to 110 metres or about 30 storeys.

This is the third site offered for tender under the DBSS and the smallest so far.

The first site in Tampines Ave 6 was 21,000 sqm in size and sold in January last year.

The second site at Boon Keng Road covered 18,394 sqm and was successfully sold in June this year.

The latest site is close to the Ang Mo Kio Town Centre and the MRT station, bus interchange and the new AMK Hub.

It is also near popular schools like Presbysterian High, CHIJ St Nicholas School, Nanyang Polytechnic and Anderson Junior College.

Tender packets are available at the Procurement Office at the HDB Hub from 12 September.

Tender will close on 27 November at 12 noon.

DBSS was launched in 2005 as part of the government's move to gradually open up the public housing building programme to the private sector.

The objective is to make the Singapore public housing programme more responsive to the needs and aspirations of Singaporeans.

HDB says market competition will also result in greater innovation in building and design, greater choice of flats, and better value for money for flat buyers.

Under DBSS, the private sector will undertake the entire public housing development process, from the tendering of the land to the designing, building and selling of the flats.

The successful tenderer who is awarded the site has 48 months from the date of award to complete the project.

The tenderer will also have the flexibility to design and price the DBSS flats as well as decide on the terms of payment for the flats.

But the project will still be subject to the relevant legislation and rules to preserve the character of public housing and ensure building quality and safety.

Like flats developed by HDB, flats sold under DBSS come with a 99-year lease and will be offered to buyers under the same HDB eligibility conditions.

Upon the completion of the building of the flats, the successful tenderer will hand over the entire development site to HDB for lease administration, and to the Town Council for maintenance of the common areas and car parks.