HDB receives 5 bids for Tampines DBSS site

The Housing Development Board (HDB) has received five bids for the sale of a site at the junction of Tampines Avenue 5 and Tampines Central 8.

The 32,000 square metre site is designated for public housing under the Design, Build and Sell Scheme, also known as DBSS.

It was launched in June and the tender closed at noon on Tuesday.

The top bid came from Sim Lian Land, which bid S$178 million for the site. This translates to about S$253 per square foot.

The next highest bid came from Qingdao Construction with a bid S$145.7 million.

Under the DBSS, land for public housing development will be tendered out directly to private developers by HDB on a 99-year lease.

The successful tenderer will undertake the entire development from planning, design and construction to the sale of the flats.

HDB said it will evaluate the provisional tender results and announce the final tender results within the next two weeks.

Source : Channel NewsAsia – 3 Aug 2010

Join The Discussion

Compare listings