A residential site located at Ang Mo Kio Avenue 2 has been awarded to Pinehill Investments Pte. Ltd, which lodged the top bid of S$550 million for the 99-year leasehold site, said the Urban Redevelopment Authority (URA).
Launched for tender on 15 November, the site received strong interest from a total of 12 bidders, with Pinehill submitting the highest bid at S$8,502.35 psm on the site’s gross floor area (GFA).
Offering a site area of 18,482.2 sq m and a maximum permissible GFA of 64,688 sq m, the site is expected to yield around 680 residential units.