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
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.