The Housing & Development Board (HDB) has accepted an application under the Reserve List System to put up a residential land parcel at Sengkang West Avenue / Fernvale Link 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	Sengkang West Avenue / Fernvale Link (194KB)
Proposed Development	Condominium Housing
Site Area	16,998.8 sq m
Max. Allowable GFA [GPR]	50,996.4 sq m [3.0]
Lease Term	99 years
Minimum Offer Price	S$70,000,000

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.