Anchorvale Lane EC site up for tender
By Tan Chee Yuen
/ The Edge Property |
HDB has released executive condo (EC) site at Anchorvale Lane for sale by public tender. It is the only EC site on the confirmed list for the Government Land Sales (GLS) programme this year.
The 226,199 sq ft plot can potentially yield about 635 residential units and has a 99-year lease period.
The site beside Punggol Reservoir is very likely to be the only EC land parcel offered for sale in 2016, according to Nicholas Mak, executive director and head of research and consultancy at SLP International. “In view of the existing steady supply of EC projects to be launched in the coming months, and the absence of any attractively located EC sites on the current reserved list, it is unlikely that any developer would trigger a reserved-list EC site for tender this year.”
Mak expects this site to attract about 5 to 8 bids with the estimated top bid ranging from $183.2 million to $196.8 million ($270 to $290 psf ppr).
The tender exercise ends at 12pm on August 23.
Site plan
Source: HDB
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