The Housing and Development Board (HDB) has received nine bids for the sale of a site at Pasir Ris Central/Pasir Ris Drive 1.
The 16,300 square metre site is designated for public housing under the Design, Build and Sell Scheme (DBSS).
It was launched on March 16 and the tender closed at noon on Tuesday.
The top bid of about S$123.88 million came from Singxpress Land and Kay Lim Holdings. It works out to S$3,023 per square metre.
The second highest bid was from Yuan Ching Development at S$103.69 million, followed closely by Kienta Engineering Construction at S$103.65 million.
The lowest bid of S$75.7 million was submitted by Qingdao Construction.
Under the DBSS, land for public housing development will be tendered out directly to private developers by HDB on a 103-year lease.
The successful bidder will undertake the entire development from planning, design and construction, to the sale of the flats.
HDB said it would evaluate the provisional tender results and announce the final tender results at a later date.
Source : Channel NewsAsia – 31 May 2011