Wee Hur wins tender for Punggol Central site

Wee Hur Development Pte Ltd has won the tender for a land parcel at Punggol Central / Punggol Place at a price of $206.2m.

The Housing & Development Board (HDB) launched the condo site for tender on 27 October 2011, attracting 13 bids.

The parcel has a total area of 18,019.4 sq m and a maximum gross floor area (GFA) of 54,058.2 sq m.

It is zoned for condominium development, which can yield some 540 housing units.

The highest bid came from Wee Hur which offered S$206.20 million, or S$3,814.41 psm of GFA.

This is 12.8 percent lower than the price that Sim Lian paid to clinch the tender for a nearby site in December last year.

Source : Channel NewsAsia – 20 Dec 2011

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