HDB will launch the sale of a site at Bishan Street 24 for tender under the Design, Build and Sell Scheme (DBSS) on Thursday.
This is the fourth site to be offered under the Scheme. Under DBSS, the developer tenders for the land and designs, builds and sells the flats as public housing.
Flats sold under DBSS come with a 99-year lease and will be offered to buyers under similar HDB eligibility conditions like flats developed by HDB.
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 and car parks.
The site is located in a middle-aged estate with a wide array of facilities.
The tender will close on Tuesday, 19 February 2008 at noon. - CNA
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