HDB Launches Sale Of Land At Upper Serangoon Road Under Design, Build And Sell Scheme
 
Date issued : 11 Oct 2010


 The Housing and Development Board is launching the sale of land at Upper Serangoon Road for sale by public tender under the Design, Build and Sell Scheme (DBSS) on 12 Oct 2010 (Tuesday). The tender will close at 12 noon on 30 Nov 2010 (Tuesday).


Details of Site

2The details of the sale site are as follows:
    Location : Upper Serangoon Road (JPG 128KB)
    Proposed Development:Public Housing
    Site Area:20,000 sq m
    Max. Allowable GFA [GPR]:70,000 sq m [3.5]
    Estimated Dwelling Units:630
    Lease Term:103 years (includes a 48-month construction period)

3This site is located just across Punggol Park. Nearby residential developments include The Florida and Rio Vista. Residents will enjoy shopping, food and entertainment conveniences at Hougang Plaza, Hougang Mall and Kang Kar Mall. Established schools like Holy Innocents' High School, Xinmin Primary and Secondary Schools, Montfort Primary and Secondary Schools, Serangoon Secondary, as well as Serangoon Junior College are also within easy reach. In addition, there is a host of facilities such as a library, swimming pool, sports hall and stadium within the town. The site is well-linked to the Hougang MRT station, Hougang Bus Interchange and major expressways such as Tampines, Kallang Paya Lebar and Central Expressways (TPE/KPE/CTE).


4Tender packets for this site at Upper Serangoon Road can be purchased at $105 each (inclusive of GST) from HDB's Procurement Office at Basement 1, HDB Hub, 480 Lorong 6 Toa Payoh. More information is also available on the HDB Infoweb. Prospective tenderers can e-mail hdblandsales@hdb.gov.sg, fax to 6490 3005 or call Land Sales & Lease Admin Unit at 6490 3037 on weekdays from 8am to 5pm.


Upcoming DBSS Sites for Sale

5Another DBSS site at Yuan Ching Road/Corporation Drive, with an estimated yield of 580 units, will be launched for tender in Nov 2010. More sites for DBSS development will be made available if there is sustained demand. Information on DBSS can be found in Annex 1.


Annex 1

Information on DBSS

1Under DBSS, the developer tenders for the land and enjoys flexibility in designing, pricing and selling the flats subject to the relevant legislation and rules to preserve the character of public housing. Upon completion of the building, the developer will hand over the entire development site to HDB for lease administration, and to the Town Council for maintenance of the common areas.


2Flats sold under DBSS come with a 99-year lease and will be offered to buyers under similar HDB eligibility conditions. First-timer households with monthly income of up to $10,000 now have the option to buy new DBSS flats with a CPF Housing Grant of $30,000. However, HDB concessionary loan will not be available to these buyers. Ninety-five percent of the flat supply for public applicants will be set aside for sale to first-timers.


3HDB will share its technical experience and best building practices with the Successful Tenderer to facilitate the DBSS development. HDB will also provide the Successful Tenderer with training and support to screen buyers’ eligibility, as well as prepare application forms and documents for the sales launch.