URA inaugurates tender for condo site at Fernvale

The site can set in concrete about 605 residential units.

The Urban Redevelopment Authority (URA) has sealed the deal on a residential site at Fernvale Road, opening it for sale by public tender under the Confirmed List of 2H16 Government Land Sales Program.

The site stretches to 17,196.4 sqm and has a maximum gross floor area of 51,590 sqm.

The 99-year leasehold site will be up for sale by tender until September 27.

Two other residential sites are expected to be launched near the year-end, one in Perumal Road and another in West Coast Vale. Commercial and residential sites will be launched in Upper Serangoon Road as well.

Combined, the four locations can yield a total of 2,170 units.

Recently, URA revealed a peak in the sales of new private homes in July at 1,091 units. This is double the number of units sold in June.