Published Date: 14 Dec 2018
The Housing & Development Board (HDB), as the Government’s land sales agent, closed the tender for the mixed use development site at Pasir Ris Central today.
2 The site was launched for sale via the Concept and Price (C&P) revenue tender system on 27 Aug 2018. Details of the land parcel are as follows:
Site Details Location Pasir Ris Central Proposed Development Mixed Use Development Site Area 38,003.7 sq m Maximum GFA [GPR] 95,010 sq m [2.5] Lease Term 99 years Project Completion Period 96 months from date of acceptance of tender
3 Under the C&P revenue tender system, only the envelopes containing concept proposals were opened today and HDB received a total of 3 tender submissions. Please see Annex 1 for the particulars of the tenders submitted.
Concept and Price Revenue Tender
4 Tenderers for the subject site at Pasir Ris Central were required to submit their concept proposals and tender prices in two separate envelopes.
5 The concept proposals will be first evaluated by a Concept Evaluation Committee based on a set of criteria specified in the tender (see Annex 2). Only tenders that meet the evaluation criteria will be considered for award. At the second stage, price envelopes of the proposals with acceptable concepts will be opened for consideration. The site will then be awarded to the tenderer with the highest bid price.
6 A decision on the award of the tender will be made after the tenders have been evaluated. This will be published at a later date.