Commonwealth Avenue Land Sale. Tenderer are invited to submit their own bids for the land parcel at Commonwealth Avenue. This land parcel is made available for sale through public tender by the Housing and Development Board (HDB), and like most land parcels, it was allowed to be leased for a period of 99 years.
The land parcel at Commonwealth Avenue has a site area of 12,086.8 square meters and following the date of acceptance of tender, the project must be completed within 60 months. This site has a strategic location that is easily accessible, and therefore would be an ideal place and residence for many people. It is beside the Queenstown MRT Station, making transportation easy for the future residents, and other alternative ways to go the residential development is through the Ayer Rajah Expressway.
Aside from its accessible location, the land parcel is also close to educational institutions including Queenstown Primary School, New Town Primary School, Queenstown Secondary School, Institute for Adult Learning, Global Indian International School, and Management Development Institute of Singapore (MDIS). There are also plenty of shopping areas nearby such as IKEA and the world renowned Orchard shopping belt. To top it all, there are also several recreational areas nearby for the whole family and other individuals to enjoy, and this includes the Queenstown Swimming Complex and Stadium, Commonwealth Green Park, and Alexandra Hill East Neighborhood Park to name a few.
The successful tenderer can develop this land parcel at Commonwealth Avenue into condominiums or flats, with a gross floor area of 53,302.79 square meters to 59,225.32 square meters and with a maximum building height of 160 meters above mean sea level. Strata landed houses may also be developed in the site area but only with prior written approval. The land parcel’s land number is 5056M and its MK number is MK 3.
The submission of tender for the lad parcel at Commonwealth Avenue is open until 12 noon of February 5, 2013 at the Procurement Office.