The Housing Development Board (HDB) has launched for sale by public tender, the Executive Condominium (EC) site at Anchorvale Crescent. The 184,464 sq ft site is on the Reserve List of the 1H2018 Government Land Sales (GLS) programme.

HDB announced that it received an application from a developer for the site to be put up for public tender. The developer committed to a bid price of not less than $255 million in the tender for the site.

The land parcel is situated on Anchorvale Street and is directly opposite the upcoming Sengkang Community Hospital. A heavy vehicle parking area currently occupies the site. Other land plots around the site are reserved for schools, medical and healthcare facilities, as well as civic and community institutions.

The 99-year leasehold site has a gross plot ratio of 3.0, and a permissible gross floor area of 553,393 sq ft. The number of new units at the development is capped at 550, says HDB.

The new development will be beside three other ECs along Anchorvale Crescent, the 651-unit Bellewaters by Qingjian Realty, the 517-unit The Vales by Singhaiyi Group, and the 504-unit Treasure Crest by Sim Lian Group.

The tender for the land parcel will close on Sept 14.