About 400 more private homes could be built in Faber Walk in Clementi as a 99-year leasehold site in the area has been launched for sale.
The nearly 2.6ha site around the size of four football fields - is the first Government Land Sales (GLS) site in Faber Walk since the award in February 2018 of a West Coast Vale site, where Whistler Grand condominium now sits.
The new private homes are among 5,050 residential units to be put up for sale under the confirmed list of the GLS programme for the second half of 2024 to meet housing demand and maintain market stability, the Urban Redevelopment Authority said on Sept 12.
Confirmed are list sites launched according to schedule regardless of demand, while sites on the reserve list are put up for tender only when a developer makes an offer acceptable to the Government.
In June, 10 new sites for residential housing were put on the confirmed list of the GLS programme for the second half of 2024, including sites in Bayshore, Chuan Grove and Lentor Gardens.
Denne historien er fra September 13, 2024-utgaven av The Straits Times.
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Denne historien er fra September 13, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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