Published Date: 03 Mar 2020
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Fernvale Lane for tender on 30 December 2019.
2 The details of the land parcel are as follows:
Site Details Location Fernvale Lane Proposed Development Executive Condominium Housing Site Area 17,129.9 sq m Maximum GFA 47,964 sq m Maximum Building Height 56m AMSL Estimated No. of Housing Units 480* Lease Term 99 years Project Completion Period 60 months from date of acceptance of tender
3 The tender closed at 12pm today with 7 bids received. The details of the provisional tender results are below:
S/N Name of Tenderer Tender Price
$psm/GFA ($) 1 FCL Lodge Pte. Ltd. $286,538,000 $5,974.02 2 Sing Holdings Residential Pte. Ltd. and MCC Land (Singapore) Pte. Ltd. $285,100,000 $5,944.04 3 CEL Development Pte. Ltd. and Unique Residence Pte. Ltd. $283,138,180 $5,903.14 4 CDL Constellation Pte. Ltd. and TID Residential Pte. Ltd. $278,000,000 $5,796.01 5 EL Development Pte Ltd $273,100,000 $5,693.85 6 Sim Lian Land Pte Ltd $266,000,000 $5,545.83 7 Evia Real Estate (9) Pte Ltd, Amerald Capital Alpha Pte Ltd, SC Investment Pte Ltd $257,888,899 $5,376.72
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.