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.