EC site at Choa Chu Kang Avenue 5 released for tender

By Lin Zhiqin
/ HDB, The Edge Property |
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The Housing & Development Board (HDB) has released an Executive Condominium (EC) site for sale today under the Confirmed List of 1H2015 Government Land Sales (GLS) Programme.
The 99-year leasehold site, which is located at Choa Chu Kang Avenue 5, can yield an estimated 490 EC units.
We expect bidding to be conservative given the 2 EC projects in the vicinity that have yet to be launched, ranging from $280 to $320 psf ppr leading to a breakeven price of $600 to $650 psf and selling price of $750 to $780 psf.
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The closing date for the tender is on 30 June 2015.
Particulars of Land Parcel
choa chu kang avenue 5 ec site gls
Location Plan for Land Parcel at Choa Chu Kang Avenue 5
choa chu kang avenue 5 EC site gls

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