reporter2
18-02-16, 18:15
http://www.businesstimes.com.sg/companies-markets/ec-site-in-yio-chu-kang-hougang-area-fetches-10-bids
EC site in Yio Chu Kang, Hougang area fetches 10 bids
By Kalpana Rashiwala
[email protected]
@KalpanaBT
FEB 18, 2016
TEN bids have been received for an executive condo (EC) site along Yio Chu Kang Road near Rosyth School at a state tender which closed on Thursday.
The top bid, from Hoi Hup Realty, was S$183.80 million, which works out to about S$331 per square foot of potential gross floor area, or per square foot per plot ratio (psf ppr).
The second-highest bid, from Nanshan Group Singapore, was S$173.24 million (S$312 psf ppr).
The lowest bid, at S$254 psf ppr, came from a partnership between KH Capital and Amara Holdings unit TTH Development.
The tender for the 99-year leasehold site was conducted by the Housing & Development Board, acting as land sales agent for the state.
The 1.8-hectare site can generate about 520 units.
ECs are a public-private hybrid housing form with initial buyer eligibility and resale conditions that are completely lifted 10 years after an EC project has been completed.
EC site in Yio Chu Kang, Hougang area fetches 10 bids
By Kalpana Rashiwala
[email protected]
@KalpanaBT
FEB 18, 2016
TEN bids have been received for an executive condo (EC) site along Yio Chu Kang Road near Rosyth School at a state tender which closed on Thursday.
The top bid, from Hoi Hup Realty, was S$183.80 million, which works out to about S$331 per square foot of potential gross floor area, or per square foot per plot ratio (psf ppr).
The second-highest bid, from Nanshan Group Singapore, was S$173.24 million (S$312 psf ppr).
The lowest bid, at S$254 psf ppr, came from a partnership between KH Capital and Amara Holdings unit TTH Development.
The tender for the 99-year leasehold site was conducted by the Housing & Development Board, acting as land sales agent for the state.
The 1.8-hectare site can generate about 520 units.
ECs are a public-private hybrid housing form with initial buyer eligibility and resale conditions that are completely lifted 10 years after an EC project has been completed.