URA, HDB launch sale sites in Lentor, River Valley, Marina Gardens, Woodlands

The Urban Redevelopment Authority (URA) and the Housing Board on Oct 17 released four residential land parcels under the second half of the 2024 Government Land Sales (GLS) programme.

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These include an executive condominium (EC) site in Woodlands Drive 17 and a residential plot at Lentor Gardens, as well as sites at Marina Gardens Lane and River Valley Green (Parcel B), which are zoned residential with commercial on the first storey.

The sites at Lentor Gardens and River Valley Green (Parcel B) were launched for sale under the confirmed list, with the potential to yield 500 and 475 residential units respectively. These two sites are part of a total of 5,050 residential units set to be released via the confirmed list of the second half of the 2024 GLS programme.

The sites at Marina Gardens Lane and Woodlands Drive 17 are available for application under the reserve list, with the potential to yield 390 residential units and 420 EC units respectively.

While confirmed list sites are launched according to schedule regardless of demand, a site on the reserve list is put up for tender when a developer makes an offer acceptable to the Government.

The Government said it will "continue to release a steady supply of private residential units in coming GLS programmes, with supply calibrated to account for prevailing economic and property market conditions".

The tender for the River Valley Green (Parcel B) site closes at noon on Feb 7, 2025, and that for the Lentor Gardens site closes at noon on April 3.