• Published Date: 13 Jun 2017

    As part of the development of Bidadari Estate, the Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Upper Serangoon Road for tender on 6 Mar 2017. The site was previously scheduled for sale in December 2016, but was deferred to March 2017 to allow the site requirements to be finalised for comprehensive development.

     

    2          The details of the sale site are as follows:

     

    Location Upper Serangoon Road
    Proposed Development
    Mixed Commercial and Residential Development integrated with Community Club and Neighbourhood Police Centre
    Site Area 25,440.8 sq m
    Maximum GFA [GPR] 89,043 sq m [3.5]
    Maximum Building Height 64m AMSL
    Estimated Dwelling Units 825
    Lease Term 99 years

     

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

     

    S/N
    Name of Tenderer
    Tender Price ($)
    $psm/GFA ($)
    1

    Elara 1 Pte. Ltd. And Callisto 1 Pte. Ltd.

    		 $1,132,000,000 $12,712.96
    2

    Far East Civil Engineering (Pte.) Limited and Sekisui House, Ltd.

    		 $1,117,777,777 $12,553.24
    3

    First Meyer Development Pte. Ltd. and GLL A Pte. Ltd. 

    		 $1,060,000,000 $11,904.36
    4

    Kingsford Huray Development Pte Ltd

    		 $1,035,000,000 $11,623.60
    5

    Blossom Commercial Development Pte. Ltd. and Blossom Residential Development Pte. Ltd.

    		 $958,089,288 $10,759.85
    6

    Sim Lian (Focus) Pte Ltd & Sim Lian (Treasure) Pte Ltd

    		 $939,999,999 $10,556.70
    7

    PQJ Retail Management Pte. Ltd. (as trustee - manager of PQJ Retail Trust) and PQJ Residential Development Pte. Ltd.   

    		 $919,998,000 $10,332.06
    8

    Nanshan Group Singapore Co. Pte. Ltd.

    		 $906,800,006 $10,183.84
    9

    Zenmost Developments Pte. Ltd. And Zenlead Investments Pte. Ltd.   

    		 $905,807,755 $10,172.70
    10

    CEL Unique Development Pte. Ltd.  

    		 $863,810,000 $9,701.04
    11

    FCL Residences Pte. Ltd. and KH Capital Pte. Ltd.   

    		 $834,000,000 $9,366.26
    12

    Soilbuild Group Holdings Ltd    

    		 $774,488,000 $8,697.91

     

    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.