The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Plantation Close for sale by public tender on 30 November 2023.

2 The details of the land parcel are as follows:

Site Details
Location	Plantation Close
Proposed Development	Executive Condominium Housing
Site Area	20,038.2 sq m
Maximum GFA	56,107 sq m
Maximum Building Height	70-80m Singapore Height Datum (SHD)
Estimated No. of Housing Units	560*
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	Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd.	$423,380,000.00	$7,545.94
2	Forsea Residence Pte. Ltd. and CNQC Realty (Pioneer) Pte. Ltd.	$416,888,888.00	$7,430.25
3	Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.	$398,597,597.00	$7,104.24
4	CDL Polaris Properties Pte. Ltd.	$383,800,000.00	$6,840.50

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 Plantation Close for Executive Condominium Housing Development