Serangoon Ave 3 reserve list site for tending

The Singapore Urban Redevelopment Authority (URA) is calling for tenders for its reserve list site at Serangoon Avenue 3. 8 ]9 w7 m; {2 S; N' d5 l" D
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The 1.3 hectare site has been earmarked for residential development and is in a private residential estate next to the future Lorong Chuan Mass Rapid Transit station.
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The 99-year leasehold land parcel can generate a maximum permissible gross floor area of about 418,253 square feet.
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A site on the reserve list system is only put up for tender if a developer's indicated minimum bid price is acceptable to the government. - CNA/yb