The Housing and Development Board (HDB) has received six bids for the land parcel at Pasir Ris Drive/Elias Road at the close of the tender on Thursday.
The highest bid came from joint bidders ChoiceHomes Investments and CEL Development, which submitted a bid of S$89.89 million.
EL Development put in the second highest of S$89.33 million, while the lowest bid of S$61 million came from Ecco Development.
The land parcel, which is proposed for Executive Condominium housing, has a site area of over 15,100 square metres and a maximum allowable gross floor area of nearly 31,800 square metres.
The site was launched for public tender on September 8 and has a lease period of 99 years.
HDB said it will evaluate the tender bids and announce the final tender results within the next two weeks.
Source : Channel NewsAsia – 21 Oct 2010