HDB Launches Sale Of Land At Yuan Ching Road Under Design, Build And Sell Scheme
 
Date issued : 15 Nov 2010

 The Housing and Development Board is launching the sale of land at Yuan Ching Road for sale by public tender under the Design, Build and Sell Scheme (DBSS) on 16 Nov 2010 (Tuesday). The tender will close at 12 noon on 5 Jan 2011 (Wednesday).

Details of Site

2The details of the sale site are as follows:

      Location Yuan Ching Road (JPG 334KB)
      Proposed DevelopmentPublic Housing
      Site Area21,199.7 sq m
      Max. Allowable GFA [GPR]63,599.1 sq m [3.0]
      Estimated Dwelling Units580
      Lease Term103 years (includes a 48-month construction period)

3This site is located near the Jurong Lake District, which will be developed into a unique lakeside destination for business and leisure. For shopping, food and entertainment, families can look to Jurong Point, IMM, Taman Jurong and Boon Lay Shopping Centres. The upcoming commercial development at Jurong Gateway will also widen the retail opportunities. Other attractions include the Jurong Lake Park, Chinese and Japanese Gardens, Jurong Bird Park, Singapore Science Centre and Snow City.


4There are also established schools and tertiary institutions like River Valley High, Jurong Junior College and Nanyang Technological University nearby. Bounded by major expressways such as Pan-Island and Ayer Rajah Expressways (PIE/AYE), the land parcel is also efficiently served by Lakeside and Boon Lay MRT Stations and Boon Lay Bus Interchange.


5Tender packets for this site at Yuan Ching 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.


6More 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.