• Published Date: 29 Oct 2020

    The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Yishun Avenue 9 for tender on 30 April 2020.

     

    2          The details of the land parcel are as follows:

     

      Site Details 
     Location  Yishun Avenue 9
     Proposed Development  Executive Condominium Housing
     Site Area  21,514.0 sq m
     Maximum GFA  60,240 sq m
     Maximum Building Height  56m AMSL
     Estimated No. of Housing Units  600*
     Lease Term  99 years
     Project Completion Period  60 months from date of acceptance of tender

    *Actual number of units provided by the developer may vary.

     

     

    3          The tender closed at 12pm today with 7 bids received. The details of the provisional tender results are below:

     

     

    S/N

    Name of Tenderer

    Tender Price ($)

    $psm/GFA ($)

    1

    Sing Holdings Limited

    $373,500,000

    $6,200.20

    2

    Maximus Residential SG Pte. Ltd.

    $342,888,000

    $5,692.03

    3

    Intrepid Investments Pte. Ltd. & TID Residential Pte. Ltd.

    $333,838,838

    $5,541.81

    4

    EL Development Pte. Ltd.

    $328,100,000

    $5,446.55

    5

    CSC Land Group (Singapore) Pte. Ltd.

    $298,270,000

    $4,951.36

    6

    Creative Investments Pte. Ltd., Santarli Capital Venture Pte. Ltd. & Kay Lim Realty Pte. Ltd.

    $290,888,989

    $4,828.83

    7

    CEL Development Pte. Ltd., Singhaiyi Investments Pte. Ltd. & Ultra Infinity Pte. Ltd.

    $268,000,000

    $4,448.87

     

    4          A decision on the award of the tender will be made after the bids have been evaluated.  This will be published at a later date.