Around 2,000 people would be able to live at the 470-acre site which is situated north of the M4 and used to be the site of a famous tinplate works.
Most of the site comprises bare fields and is owned by the Welsh Government. An outline planning application for up to 850 houses could be submitted this year, 20% of which would be classed as affordable homes.
A small section of the site, which is owned by Swansea Council, used to be Felindre tinplate works, and millions of pounds have been spent to turn this area into a new business park.
The plot had been earmarked for the Sancta Maria private hospital, but it is now to be built in SA1 instead.
Instead, Swansea council plans to launch a marketing strategy for the business park, which the council wants to become a hub for high-tech firms and research and development, later this year.
The mixed-use site was discussed at a hearing on February 13 into Swansea’s new local development plan (LDP), which is a plan to accommodate 17,100 new homes and employment areas by 2025.
Councillor Brigitte Rowlands, whose Mawr ward is adjacent to the site, known as Pentre Felindre and Parc Felindre, said development schemes proposed there had long been a talking point in the community.
She questioned how the existing YGG Felindre just over a mile to the north would fare if a school was built at the new site, but also said that increased footfall could help businesses in the area.
She said: “As with everything, there are pros and cons, you have got to weigh everything up.
“But it needs something there. Let’s hope they choose something which works best for this area.”
The main access to the site would be via the road which runs north of junction 46 and a second one connecting to the A48 at Bryntwood.
Sewage would be pumped from the new village to Welsh Water’s Gowerton treatment works, and a new GP surgery could be built at the business park if considered appropriate.
The hearing session — part of an examination of the LDP by a Welsh Government inspector — was also finding out about big housebuilding sites proposed for land west of Llangyfelach Road and north of Clasemont Road.
The LDP hearings continue at Swansea's Civic Centre throughout February and March.