Sale Of Residential Site: Land Parcel Jurong West S7 At Westwood Avenue Under The Reserve List System
Date issued : 26 Oct 2009
The Housing & Development Board (HDB) has accepted an application under the Reserve List System to put up a residential land parcel at Jurong West for public tender. HDB will launch the tender for the land parcel in about two weeks' time.
2 The details of the land parcel are as follows:
| Location | Westwood Avenue (223KB) |
| Proposed Development | Landed Housing |
| Site Area | 14,098.9 sq m |
| Lease Term | 99 years |
| Minimum Offer Price | S$15,000,000 |
3 Under the Reserve List System, the Government will put up a Reserve List site for public tender if it receives an application from a developer who commits, by signing an agreement and paying a deposit of 5% of the bid price, to bid for the site at or above the minimum offer price which is acceptable to the Government.