HDB launched the sale of the fourth DBSS site at Bishan Street 24 on 27 Dec 07. The particulars of the site are as follows:

Location	Bishan Street 24
Land Area	15,218.5 sqm
Proposed Development	Public Housing
Maximum Allowable Gross Floor Area (GFA)	53,264.75 sqm
Lease Term	103 years

2         The tender closed at 12 noon today with 3 bids received. The details of the provisional tender results are as follows:

S/N	Name of Tenderer	Tender Price ($)	$psm/ GFA ($)
1	Qingdao Construction Group Corporation (Singapore Branch)	$135,888,777	$2,551
2	Sim Lian Land Pte Ltd	$116,000,000	$2,178
3	Hoi Hup Realty Pte Ltd and Sunway Concrete Product(S) Pte Ltd	$102,728,000	$1,929

The provisional tender results are also available in HDB Land Sales Website at http://www.hdb.gov.sg/hdblandsales.

3         HDB will evaluate the tender and expect to announce the award in the next two weeks.