Source : The Business Times, June 3, 2009
Singapore's Ministry of National Development (MND) has announced the Government Land Sales (GLS) Programme for second half 2009.
The confirmed list will continue to remain suspended and MND is sticking to offering land during this period only through the reserve list, where sites are launched for tender only if there is a successful application by a developer.
For H2 2009, MND will add two new sites to the reserve list - a residential site at Bartley Road/Lorong How Sun and a commercial and residential plot at New Upper Changi Road/Bedok North Drive.
'The residential site at Bartley Road/Lorong How Sun is located next to the new Bartley Circle Line (CCL) Station. Placing the site in the reserve list of H2 2009 GLS Programme will provide opportunity for early development of the site and increase the ridership catchment for the CCL.
The sale and development of the commercial & residential site at New Upper Changi Road/Bedok North Drive will form part of the rejuvenation plans for Bedok Town Centre. A new bus interchange will be incorporated into the proposed development,' MND said in a release issued on Wednesday.
Another 36 sites on the existing H1 2009 reserve list are being rolled over to the H2 2009 reserve list. As a result, the H2 2009 GLS Programme will comprise a total 38 reserve list sites that can potentially yield about 8,655 private homes, 448,550 sq metres gross floor area of commercial space and 4,430 hotel rooms.
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