HDB has recently launched an Executive condominium site for tender. The site is the first EC land parcel that is released for GLS (Government Land Sales). The site is located along Canberra Link and is closed to Sembawang MRT Station. With a land size of approximately 1.67 Hectares (16,690 square metres), this upcoming Caberra Link EC will have a 99 year-leasehold and is expected to yield approximately 385 condominium apartments..
The tender for this site will be closed on the 13th July 2019.
Another site that will most likely be launched 2nd half of this year will be the land parcel along Fernvale Lane. Located in the Sengkang estate, this 99-year leasehold land parcel will be used for building executive condominiums as well. The Fernvale lane EC site has a land size of 1.82 ha (which is equivalent to 17,200 square metre). There will be about 480 units within this development.
It is believed that both EC sites will attract a fare share of developers due to the scarcity of EC land parcels in the recent years. The last EC launched in 2018 was Rivercove Residences EC along Sengkang East Avenue. The development was almost 80% sold during its preview.
More info can be found below
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