Friday, October 28, 2005
HDB launches Design-Build-Sell scheme at Tampines site
SINGAPORE : Singapore's public housing programme is moving into a new phase.
The HDB has announced the first site where the private sector will be allowed to design, build and sell the flats.
It is launching the sale of the site by tender on Friday.
The 21,000 square metre plot of land at Tampines Avenue 6 will be the first to be sold under the pilot project.
The buildings will be restricted to a height of 62 to 64 metres, or about 17 to 18 storeys.
The piece of land is a short walk from the Tampines MRT station and bus interchange.
The successful developer will have four years to complete the project and about 500 flats are expected to be built on the plot.
HDB says the onus will be on the developer to sell the flats; HDB will not buy back any of the unsold flats.
Like flats developed by the HDB, those sold under the design, build and sell scheme come with a 99-year lease and buyers will have to meet the same HDB eligibility conditions.
Lui Tuck Yew, chief executive of HDB, explained, "No fencing off of the neighbourhood. There will also be certain conditions like the minimum occupation period of five years. The ethnic integration policy will be in place and they will have to abide by it. The developer in this case will also have to follow it."
But the HDB chief says he is in no hurry to announce more sites for the scheme at the moment.
Said Mr Lui, "After the launch for sale, we will then sit down, evaluate the project, listen to the feedback from the tenderers, fine tune the scheme if necessary and then decide on the way ahead."
Tender for the Tampines site closes on January 12 next year. - CNA /ct
The HDB has announced the first site where the private sector will be allowed to design, build and sell the flats.
It is launching the sale of the site by tender on Friday.
The 21,000 square metre plot of land at Tampines Avenue 6 will be the first to be sold under the pilot project.
The buildings will be restricted to a height of 62 to 64 metres, or about 17 to 18 storeys.
The piece of land is a short walk from the Tampines MRT station and bus interchange.
The successful developer will have four years to complete the project and about 500 flats are expected to be built on the plot.
HDB says the onus will be on the developer to sell the flats; HDB will not buy back any of the unsold flats.
Like flats developed by the HDB, those sold under the design, build and sell scheme come with a 99-year lease and buyers will have to meet the same HDB eligibility conditions.
Lui Tuck Yew, chief executive of HDB, explained, "No fencing off of the neighbourhood. There will also be certain conditions like the minimum occupation period of five years. The ethnic integration policy will be in place and they will have to abide by it. The developer in this case will also have to follow it."
But the HDB chief says he is in no hurry to announce more sites for the scheme at the moment.
Said Mr Lui, "After the launch for sale, we will then sit down, evaluate the project, listen to the feedback from the tenderers, fine tune the scheme if necessary and then decide on the way ahead."
Tender for the Tampines site closes on January 12 next year. - CNA /ct
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// posted by Shajahan @ 10:27 AM 