The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Jalan Loyang Besar for sale by public tender on 16 May 2024.

2 The details of the land parcel are as follows:

Site Details
Location	Jalan Loyang Besar
Proposed Development	Executive Condominium Housing
Site Area	28,405.5 sq m
Maximum GFA	71,014 sq m
Maximum Building Height	49m Singapore Height Datum (SHD)
Estimated No. of Housing Units	710*
Lease Term	99 years
Project Completion Period	60 months from the date of acceptance of tender

*Actual number of housing units proposed by developer may vary.

3 The tender closed at 12pm today with 4 bids received. The details of the provisional tender results are below:

S/N	Name of Tenderer	Tender Price ($)	$psm/GFA ($)
1	CNQC Realty (Progressive) Pte. Ltd., Forsea Residence Pte. Ltd. and ZACD Laserblue Pte. Ltd.	$557,000,000.00	$7,843.52
2	Aster Residential Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd.	$538,888,888.00	$7,588.49
3	Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd	$460,858,100.00	$6,489.68
4	Intrepid Investments Pte. Ltd. and Garden Estates (Pte.) Limited	$435,704,977.00	$6,135.48

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 Jalan Loyang Besar for Executive Condominium Housing Development