The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Tengah Garden Walk for tender on 26 November 2020.

2 The details of the land parcel are as follows:

Site Details
Location	Tengah Garden Walk
Proposed Development	Executive Condominium Housing
Site Area	22,020.8 sq m
Maximum GFA	61,659 sq m
Maximum Building Height	60m Singapore Height Datum (SHD)
Estimated No. of Housing Units	615*
Lease Term	99 years
Project Completion Period	60 months from the date of acceptance of tender

*Actual number of dwelling units provided by the developer may vary.

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	Taurus Properties SG Pte. Ltd.	$400,318,000.00	$6,492.45
2	CSC Land Group (Singapore) Pte. Ltd.	$400,199,999.00	$6,490.54
3	QJ-OS Pte. Ltd. and Santarli Realty Pte. Ltd.	$382,889,000.00	$6,209.78
4	Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd	$379,100,000.00	$6,148.33
5	Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.	$351,800,000.00	$5,705.57
6	Sim Lian Land Pte Ltd	$339,000,000.00	$5,497.98
7	GLL B Pte. Ltd.	$331,111,404.00	$5,370.04

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.

Provisional Tender Results for Land Parcel at Tengah Garden Walk for Executive Condominium Housing Development