The Housing and Development Board (HDB) says that a plot of land that went up for sale at Yuan Ching Road has been sold.
The site was awarded on Monday to joint bidders Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and SC Wong Holdings Pte Ltd, at the tender price of S$131.6 million.
The tender for the 21,199.7 square-metre site was launched on November 16 last year and it will be used for public housing under the Design, Build and Sell Scheme (DBSS).
The HDB estimates 580 units will be built on the site, which has a lease term of 103 years including a 48-month construction period.
The site is located near the Jurong Lake District, which will be developed into a unique lakeside destination for business and leisure.
Source : Channel NewsAsia – 10 Jan 2011