• Published Date: 13 Jan 2015

            The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Yishun Avenue 4 for tender on 18 Nov 2014.


    2      The details of the sale site are as follows:


    Location Yishun Avenue 4
    Proposed Development Mixed Commercial & Residential
    Site Area 9,759.80 sq m
    Maximum GFA [GPR] 27,327.44 sq m [2.8]
    Maximum Building Height 56m AMSL
    Estimated Dwelling Units 180
    Lease Term 99 years


    3      The tender closed at 12 noon today with 5 bids received. The details of the provisional tender results are below:


    S/N Name of Tenderer Tender Price ($) $psm/GFA ($)
    1 Northern Resi Pte. Ltd. and Northern Retail Pte. Ltd. $185,090,000 $6,773.05
    2 KBD Ventures Pte. Ltd. and Changi Properties Pte. Ltd. $181,600,000 $6,645.34
    3 Sim Lian (Focus) Pte Ltd $168,000,000 $6,147.67
    4 Wee Hur Development Pte. Ltd. $160,000,000 $5,854.92
    5 KSH Land Development Pte. Ltd. $94,523,448 $3,458.92


    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.