The Urban Redevelopment Authority (URA) today released the detailed sales conditions for a Reserve List site at Serangoon Avenue 3 for residential development. Developers interested in purchasing the site can now apply to URA for it to be put up for tender.
The Land Parcel is located within an established private residential estate and easily accessible via major roads and expressways such as Upper Serangoon Road, Pan Island Expressway and Central Expressway. The site is also located next to the future Lorong Chuan MRT station where future residents can enjoy convenient access to all parts of island.
With a site area of about 1.39 ha, the site can generate a maximum permissible gross floor area of about 38,857 sqm for residential use.
Under the Government's Reserve List system, a site on the Reserve List would only be put up for tender if a developer's indicated minimum bid price in his application is acceptable to the Government.
