http://business.asiaone.com/Business...13-339615.html
Friday, Apr 13, 2012
AsiaOne
Elias Road land parcel tender awarded to Elitist Development
Elitist Development Pte Ltd has been awarded the tender for the land parcel at Elias Road / Pasir Ris Drive 3 for the tender price of $165,888,333.
Its proposed development is to be for strata landed housing or condominium housing / flats development.
The land parcel has a site area of 23,322 sqm, a maximum GFA [GPR] of 32,650.8 sqm [1.4] and a maximum building height* of 64m AMSL.
It is estimated to house 345 dwelling units with a lease term of 99 years.
The maximum building height for condominium / flats development will be five storeys, while the maximum building height for strata landed housing development will be three storeys.
The tender was launched by Housing & Development Board on Feb 15 this year.
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