HDB awards tender for land parcel at Upper Serangoon

The Housing & Development Board (HDB) has awarded the tender of a land parcel at Upper Serangoon View/Upper Serangoon Road to the top bidders of the executive condominium site.

Ho Lee Group Pte Ltd & Evia Real Estate Management made a joint bid of S$141.48 million when the tender closed on March 1. The site received a total of seven bids at the close of the tender exercise.

The 12,392.20 sq m site was put up for tender on January 19. It has a 99-year lease term and a maximum gross floor area of 43,372.70 sq m with gross plot ratio of 3.5.

HDB said the site can have an estimated 435 dwelling units.

Source : Channel NewsAsia – 6 Mar 2012

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