Provisional Tender Results for Land Parcel at Fernvale Lane for Executive Condominium Housing Development

  • 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.