Developers sold a total of 58 units of executive condominiums for the month of May, 2014. Overall, the private residential property market saw positive sales for May as developers sold a total of 1528 units (including ECs), an increase from 797 units sold in April.
An executive condominium site along Sembawang Avenue has been put up for tender by HDB under the Government Land Sales (GLS) programme.
The land parcel has a site area of 22,189.7 sqm, with a maximum Gross Floor Area (GFA) – 62,131.16 sqm. It is estimated to yield about 620 residential units in total.
The executive condo land parcel is under the confirmed list for sale, and the tender will close on 10 July 2014.