Yuan Ching Rd site tender closed

The Housing & Development Board (HDB) has closed the tender for a residential site at Yuan Ching Road after receiving six bids.

The highest bid came from joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings, that bid S$131.6 million.

The next highest bid came from Yuan Ching Development that bid S$125.3 million.

The land parcel has a site area of more than 21,000 square metres and a maximum gross floor area of over 63,000 square metres.

The site was launched for public tender on November 16 and has a lease period of 103 years.

This includes a 48-month construction period.

HDB said it would evaluate the tender bids and announce the final tender results within the next two weeks.

Source : Channel NewsAsia – 5 Jan 2011

Join The Discussion

Compare listings