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