The Housing and Development Board has awarded the tender for a public housing site under Design, Build and Sell Scheme (DBSS) to Ho Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup JV Development Pte Ltd.
Their successful joint bid was S$198,822,000 for the site at Lorong 1A Toa Payoh.
The plot has an area of 27,479.9 square metres and an allowable gross floor area of 115,415.58 square metres.
The site, the sixth to be offered under this scheme to build condominium-like public housing, has a lease term of 103 years.
The next tender for a 1.67-hectare site at Bedok Reservoir Crescent is expected to be launched in the second half of this year.
Source : Channel NewsAsia – 23 Aug 2008