The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Plantation Close for sale by public tender on 30 November 2023.
2 The details of the land parcel are as follows:
| Site Details | |
|---|---|
| Location | Plantation Close |
| Proposed Development | Executive Condominium Housing |
| Site Area | 20,038.2 sq m |
| Maximum GFA | 56,107 sq m |
| Maximum Building Height | 70-80m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 560* |
| Lease Term | 99 years |
| Project Completion Period | 60 months from the date of acceptance of tender |
*Actual number of housing units proposed by developer may vary.
3 The tender closed at 12pm today with 4 bids received. The details of the provisional tender results are below:
| S/N | Name of Tenderer | Tender Price ($) | $psm/GFA ($) |
|---|---|---|---|
| 1 | Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd. | $423,380,000.00 | $7,545.94 |
| 2 | Forsea Residence Pte. Ltd. and CNQC Realty (Pioneer) Pte. Ltd. | $416,888,888.00 | $7,430.25 |
| 3 | Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. | $398,597,597.00 | $7,104.24 |
| 4 | CDL Polaris Properties Pte. Ltd. | $383,800,000.00 | $6,840.50 |
4 A decision on the award of the tender will be made after the bids have been evaluated. This will be published at a later date.