THE Housing and Development Board (HDB) on Friday (Dec 23) launched two residential sites at Tampines Avenue 11 and Plantation Close for tender, under the government land sales (GLS) programme’s confirmed list for the second half of 2022.
The tender for both land parcels – which have a 99-year lease period – will close at noon on Jun 27, 2023. Altogether, they can potentially yield about 1,685 residential units, HDB said in a press statement.
The parcel at Tampines Avenue 11 has a site area of 50,679.7 square metres (sq m) and a maximum permissible gross floor area (GFA) of 126,700 sq m. The maximum building height is 64 m above mean sea level.
Steven Tan, chief executive officer of OrangeTee & Tie, added that such ECs will remain popular among homebuyers, despite the latest cooling measures and surging interest rates.