Land parcel at Tampines Ave 8 awarded

The Housing & Development Board (HDB) has awarded the tender for the land parcel at Tampines Avenue 8 to joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings.

They submitted the highest tender for the site at S$187.6 million out of a total of 6 bids received.

That translates to about S$302 per square foot per plot ratio.

The land parcel has a site area of more than 20,000 square metres and a maximum gross floor area of over 57,000 square metres.

It has been earmarked for executive condominium housing.

The site was launched for public tender on October 6 and has a lease period of 99 years.

Source : Channel NewsAsia – 25 Nov 2010

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