Originally Posted by
East Lover
Nov 23, 2010
6 bids for Tampines EC site
A HOUSING Board site for executive condominium housing on Tampines Avenue 8 attracted six bids when the tender exercise closed on Tuesday.
Hoi Hup Realty, Sunway Developments and SC Wong Holdings jointly submitted the top bid of $187.6 million for the 20,600 sq m site, with a maximum gross floor area of 57,680 sqm.
This works out to $3,252 psm/GFA.
The 99-year leasehold land parcel can yield about 525 EC flats.
The next highest bid of $172.8 million came from Opal Star Pte Ltd and Lum Chang Building Contractors, followed by the $161.5 million bid from Grand Isle Holdings.
The HDB will announce the final tender award in the next two weeks.