• Published Date: 28 Jul 2015

         The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Choa Chu Kang Avenue 5 for tender on 19 May 2015.

     

    2      The details of the sale site are as follows:

     

    Location Choa Chu Kang Avenue 5
    Proposed Development Executive Condominium Housing
    Site Area 16,386.1 sq m
    Maximum GFA [GPR] 49,158.3 sq m [3.0]
    Maximum Building Height 60m AMSL
    Estimated Dwelling Units 490
    Lease Term 99 years

     

    3      The tender closed at 12 noon today with 11 bids received. The details of the provisional tender results are below:

     

    S/N
    Name of Tenderer
    Tender Price ($)
    $psm/GFA ($)
    1
    Qingjian Realty (Residential) Pte. Ltd, Suntec Property Ventures Pte Ltd and Bohai Investments (Sengkang) Pte Ltd
    $156,157,000
    $3,176.62
    2
    TID Residential Pte. Ltd.
    $145,888,888
    $2,967.74
    3
    Allgreen Properties Limited
    $133,890,000
    $2,723.65
    4
    EL Development Pte Ltd
    $127,100,000
    $2,585.52
    5
    Wee Hur Development Pte Ltd
    $127,000,000
    $2,583.49
    6
    Lian Beng - KSH Pte. Ltd.
    $125,938,000
    $2,561.89
    7
    MCL Land (Regency) Pte. Ltd.
    $122,500,000
    $2,491.95
    8
    Edition Land Pte Ltd and TTH Development Pte Ltd
    $122,000,800
    $2,481.79
    9
    Northern Development Pte. Ltd.
    $119,055,000
    $2,421.87
    10a
    Centra One Pte. Ltd.
    $108,000,000
    $2,196.98
    10b
    Sim Lian Land Pte Ltd
    $108,000,000
    $2,196.98

     

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