• Published Date: 15 Jan 2019

                The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Tampines Avenue 10 for tender on 31 Oct 2018.

     

    2          The details of the land parcel are as follows:

     

    Site Details
    Location Tampines Avenue 10
    Proposed Development Executive Condominium Housing
    Site Area 24,933.7 sq m
    Maximum GFA [GPR] 69,815 sq m [2.8]
    Maximum Building Height 64m AMSL
    Maximum Dwelling Units 695*
    Lease Term 99 years
    Project Completion Period 60 months from date of acceptance of tender

    *No. of dwelling units is capped at 700.

     

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

     

    S/N Name of Tenderer Tender Price
    ($)    		 $psm/GFA
    ($)
    1 Hoi Hup Realty Pte Ltd and
    Sunway Developments Pte Ltd    		 $434,450,000 $6,222.87
    2 MCC Land (Singapore) Pte Ltd $431,618,000 $6,182.31
    3 CDL Constellation Pte Ltd and
    TID Residential Pte Ltd    		 $414,288,000 $5,934.08
    4 Qingjian Realty (Residential) Pte Ltd. and
    Evia Real Estate (8) Pte Ltd.    		 $408,888,899 $5,856.75
    5 Sim Lian Land Pte Ltd $377,250,000 $5,403.57
    6 Creative Investments Pte Ltd,
    Santarli Capital Venture Pte Ltd and
    Kay Lim Realty Pte Ltd    		 $364,488,988 $5,220.78
    7 JBE Development Pte Ltd $335,000,000 $4,798.40

     

    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.