PUBLISHED THU, NOV 02, 2017
Government Land Sales (GLS) programme has been launched for sale by public tender on Thursday, A RESIDENTIAL site at Fourth Avenue under the Reserve List of the first-half 2017, announced by the Urban Redevelopment Authority (URA).
The tender will close at 12nn on Dec 5 for the land parcel with a minimum bid price of S$448.8 million. As standard practice, the identity of the applicant who triggered the land sale will not reveal by the URA.
The site can build an estimated 455 housing units and has a land area of about 1.9 hectares with a maximum permissible gross floor area of 33,358 square metres, nestled in Bukit Timah, a mature private residential estate.
The leasehold plot is located next to the Sixth Avenue MRT Station and is well-accessible via major arterial roads and the Pan Island Expressway. Good schools such as Nanyang Girls’ High School, National Junior College, Hwa Chong Institution and Raffles Girls’ Primary School are also nearby.
The tender closes the same day as the residential with first-storey commercial plot at Jiak Kim Street.
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