Source : The Straits Times, Apr 7, 2008
MORE condo-style Housing Board (HDB) flats will soon be offered to home buyers looking to live in Singapore's east side.
The HDB on Monday released a plum 181,108 sq ft site in Simei Road for tender - the fifth under its Design, Build and Sell Scheme (DBSS), which is open to private developers.
The 99-year site has a gross floor area of about 380,327 sq ft - enough for 360 homes.
Market watchers said developers will be keen on the plot due to its attractive location in a mature, established HDB estate just 10 minutes' walk from Simei MRT station.
Knight Frank director of research and consultancy Nicholas Mak said the site, which could have residential blocks going up to 15 storeys, was likely to attract bids from medium-size developers and construction companies.
Read the full story in Tuesday's edition of The Straits Times.
MORE condo-style Housing Board (HDB) flats will soon be offered to home buyers looking to live in Singapore's east side.
The HDB on Monday released a plum 181,108 sq ft site in Simei Road for tender - the fifth under its Design, Build and Sell Scheme (DBSS), which is open to private developers.
The 99-year site has a gross floor area of about 380,327 sq ft - enough for 360 homes.
Market watchers said developers will be keen on the plot due to its attractive location in a mature, established HDB estate just 10 minutes' walk from Simei MRT station.
Knight Frank director of research and consultancy Nicholas Mak said the site, which could have residential blocks going up to 15 storeys, was likely to attract bids from medium-size developers and construction companies.
Read the full story in Tuesday's edition of The Straits Times.
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