The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Canberra Drive for tender on 26 May 2026.

2 The details of the land parcel are as follows:

Proposed Development	Executive Condominium housing development
Location	Canberra Drive
Site Area	11,535.4 sqm
Maximum GFA	18,457 sqm
Maximum Building Height	40m Singapore Height Datum (SHD)
Estimated No. of Housing Units	185*
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. The details of the provisional tender results are shown below:

S/N	Name of Tenderer	Tender Price ($)	$psm/GFA ($)
1	SNC3 Realty Pte. Ltd, HS Invesco Pte. Ltd. and Kay Lim Realty Pte. Ltd.	$163,903,000	$8,880.26
2	Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.	$159,434,000	$8,638.13
3	Apex Asia Beta Investment Three Pte. Ltd., BHCC Development (Project 2) Pte. Ltd. and HSB Developments Pte. Ltd.	$158,600,000	$8,592.95
4	CRF Land Pte. Ltd.	$153,000,000	$8,289.54
5	CDL Constellation Pte. Ltd.	$146,099,000	$7,915.64
6	Peak Valley Private Limited	$141,050,000	$7,642.09
7	EL Development Pte. Ltd.	$135,100,000	$7,319.72
8	Evia Real Estate (14) Pte. Ltd., Arc Canberra Pte. Ltd. and H10 Holdings Pte. Ltd.	$130,500,999	$7,070.54
9	MCS Thomson Pte Ltd	$129,330,000	$7,007.10
10	Macly Group Pte. Ltd., Roxy Development Partners Pte. Ltd., Greatsun Capital Pte. Ltd., Scree Innovation Pte. Ltd. and Lin Bing Cheng	$127,198,889	$6,891.63
11	JBE Capital Pte. Ltd.	$124,365,280	$6,738.11
12	Forsea Residence Pte. Ltd., CNQC Realty (Epsilon) Pte. Ltd., and Jianan Realty Investments (2) Pte. Ltd.	$123,777,000	$6,706.24
13	Sim Lian Land Pte Ltd & Sim Lian Development Pte. Ltd.	$71,718,787	$3,885.72

Provisional Tender Results for Executive Condominium Development Site at Canberra Drive