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Provisional Tender Results for Land Parcel at Yio Chu Kang Road for Executive Condominium Housing Development

  • Published Date: 18 Feb 2016

    The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Yio Chu Kang Road for tender on 29 Dec 2015.

    2          The details of the sale site are as follows:3

    Location Yio Chu Kang Road
    Proposed Development Executive Condominium Housing
    Site Area 18,422.9 sq m
    Maximum GFA [GPR] 51,584.12 sq m [2.8]
    Maximum Building Height 64m AMSL
    Estimated Dwelling Units 520
    Lease Term     99 years

     

    3          The tender closed at 12 noon today with 10 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 $183,800,000 $3,563.11
    2 Nanshan Group Singapore Co. Pte. Ltd.  $173,238,458 $3,358.37
    3 Qingjian Realty (Residential) Pte Ltd    $172,128,000 $3,336.84
    4 Wee Hur Development Pte Ltd $170,000,000 $3,295.59
    5 Allgreen Properties Limited $161,000,000 $3,121.12
    6 China Construction (South Pacific) Development Co. Pte. Ltd.  $158,668,000 $3,075.91
    7 CEL Residential Development Pte. Ltd. $155,888,000 $3,022.02
    8 Evia Real Estate (8) Pte Ltd and GE DG Pte Ltd     $145,588,888 $2,822.36
    9 Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.    $145,000,000 $2,810.94
    10  TTH Development Pte Ltd and K H Capital Pte Ltd $141,033,873 $2,734.06

     

    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.