Tampines Court wins tender for Woodgrove Avenue residential site

The Housing and Development Board (HDB) has awarded the land parcel at Woodgrove Avenue to Tampines Court, a unit of Far East Organization, for S$105.12 million.

The developer has submitted the highest of the six bids received at the close of the tender on November 4.

The land parcel, which is meant for strata landed or condominium development, has a site area of over 20,900 square metres and a maximum allowable gross floor area of about 29,300 square metres.

Located within Woodlands Town, the site is near Woodlands MRT as well as Woodgrove shopping centre and Causeway Point shopping mall.

The site was launched for public tender on September 22 and has a lease period of 99 years.

The project, which can have an estimated 265 dwelling units, has to be completed 60 months from the date of acceptance of the tender.

Source : Channel NewsAsia – 10 Nov 2010

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