Residential
EC in Sembawang Ave launched for tender
Under the Confirmed List of the Government Land Sales programme in the first half 2014, a 99-year leasehold executive condominium (EC) at Sembawang Avenue is up for tender till July 10. The 22,189.7 square metres land, which has a maximum gross floor area of 62,131.2 square metres, is most likely to consist of 620 residential units. Last week, two other EC sites in Yishun were closed for tender. Following the winning bids of those sites, Eugene Lim from ERA Realty predicts that the site will be moderately popular. He predicts that there would be around 5 bidders, and the winning bid would be between $320 and $380 per square foot per plot ratio. Lim said that bid prices are not expected to be high due to the tight property market.
(Source: Business Times)
40,000 new HDB flats in the pipeline
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