Monday, March 21, 2011

EL Development acquires Clementi Ave 4 site

EL Development acquires Clementi Ave 4 site
Mar 11, 2011 -

The Housing Development Board (HDB) has awarded a land parcel at Clementi Avenue 4 to EL Development Ltd after it offered the highest bid of S$224 million in a public tender that closed on 8 March.

The land site was made available for sale on 26 January under the Design, Build and Sell Scheme (DBSS). It has a total area of 21,906.5 sq m and a maximum permissible gross floor area (GFA) of 76,672.75 sq m, with a gross plot ratio of 3.5.

Proposed for public housing development, the HDB said the site can yield up to 770 housing units.

It is situated in Clementi New Town, a destination complete with convenient facilities and amenities, with entertainment, food and shopping options like West Coast Plaza and The Clementi Mall.

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