HDB to launch tender for residential land parcel at Tampines Road

[sleek]

SINGAPORE : The Housing and Development Board (HDB) said on Tuesday it has accepted an application for a residential land parcel at Tampines Road under the Reserve List System.

The site, with an area of 2,662 square metres, is proposed for the development of landed or apartment housing on a 99-year lease.

It has an allowable gross floor area of 3,727 square metres and the minimum offer price for the land parcel is S$6.5 million.

HDB will launch the tender in about two weeks' time.

Under the Reserve List System, the government will put up a listed site for public tender if it receives an application from a developer who commits to the minimum bid price by signing an agreement and paying a deposit of 3 per cent of the bid price.

- CNA/al

[2824]

My bet for this site will be for cluster housing

[sleek]

My bet for this site will be for cluster housing

MM Apartments most likely as can built over 100units!

[sleek]

Fragrance Properties' S$16.2m bid highest for Tampines site
By Janice Teo | Posted: 06 May 2010 2215 hrs



SINGAPORE : The tender by the Housing and Development Board (HDB) for the land site at Tampines Road has attracted a total of 16 bids from property developers.

This was higher than the 14 bids that was attracted from developers for the land site at Boon Lay Way and Lakeside Drive when the tender closed last Tuesday.

Fragrance Properties submitted the highest bid of S$16.2 million for the 99-year lease land parcel.

Fragrance's bid translates to about S$4,000 per square metre, per gross floor area.

The next highest bid came from Whye Wah Group at S$15.5 million.

The site was offered for sale in April under the Reserve List for the first half 2010 government land sales programme.

The minimum price for the site was S$6.5 million.

The site, which is proposed for landed or apartment housing, has a maximum gross floor area of over 3,000 square metres.

HDB will announce the final tender results within the next two weeks.

- CNA/al

[devilplate]

Fragrance got it...MM units liao lor..

beside a mosque and yet attract 16bids...

[thomastansb]

Can you imagine site release at Marina Bay

Whole world will be bidding for it. Haha...

Fragrance got it...MM units liao lor..

beside a mosque and yet attract 16bids...