http://www.straitstimes.com/Breaking...ry_593648.html
Oct 21, 2010
EC site draws 6 bids
A HOUSING Board site in Pasir Ris Drive 1 and Elias Road for executive condominium development attracted six bids when tender closed on Thursday.
ChoiceHome Investments and CEL Development jointly submitted the top bid of $89.8 million - or $2,826 per sq m of gross floor area - for the 15,142 sq metre site, with 99 years lease.
This was followed by EL Development which bid $89.3 million and Opal Star and Lum Chang Building Contractors which put in a joint bid of $86 million.
The site can yield
32 EC flats.