URA releases two new sites for sale yesterday in Perumal Road and Toh Tuck Road.
The 3,848 sqm mixed development with a maximum gross floor area at Perumal Road is near to Farrer Park MRT Station and commercial site such as City Square Mall and Mustafa Centre within Little India district. This site is also near to educational institutes includes Farrer Park Primary, Hong Wen and St Joseph's Institution Junior. It is estimated to yield 200 units along with commercial space on the first floor.
Given it close proximity to city and an MRT station. Analysts expect Perumal Road site could draw a stronger interest from developers. Other new development recently launch around that area are Sturdee Residences.
The second site in Tok Tuck road is launch on a reserve list basis, it will only go under tender with a developer commits to a minimum bid price acceptable to the Government. The Tok Tuck site has a maximum gross floor area (GFA) of 26,210 sqm sit on a plot of 18,721 sqm estimated to yield 325 residential units. The subject plot is near the Bukit Batok Nature Park and Bukit Timah Nature Park and with close proximity to schools such as Pei Hwa Primary and Ngee Ann Polytechnic. Both sites are 99-years leasehold under Government Land Sales (GLS)