The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Jalan Loyang Besar for sale by public tender on 16 May 2024.
2 The details of the land parcel are as follows:
| Site Details | |
|---|---|
| Location | Jalan Loyang Besar |
| Proposed Development | Executive Condominium Housing |
| Site Area | 28,405.5 sq m |
| Maximum GFA | 71,014 sq m |
| Maximum Building Height | 49m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 710* |
| 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 4bids received. The details of the provisional tender results are below:
| S/N | Name of Tenderer | Tender Price ($) | $psm/GFA ($) |
|---|---|---|---|
| 1 | CNQC Realty (Progressive) Pte. Ltd., Forsea Residence Pte. Ltd. and ZACD Laserblue Pte. Ltd. | $557,000,000.00 | $7,843.52 |
| 2 | Aster Residential Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. | $538,888,888.00 | $7,588.49 |
| 3 | Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd | $460,858,100.00 | $6,489.68 |
| 4 | Intrepid Investments Pte. Ltd. and Garden Estates (Pte.) Limited | $435,704,977.00 | $6,135.48 |
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.