The Housing & Development Board
(HDB), as the Government’s land sales agent, launched the
land parcel at Hougang Avenue 10/ Hougang Central for sale
by public tender on 29 May 2025.
2 The details of the land parcel are as
follows:
| Proposed Development | Mixed Use development comprising a Commercial and Residential development integrated with a Bus Interchange |
|---|---|
| Location | Hougang Avenue 10/ Hougang Central |
| Site Area | 46,899.4 sq m |
| Maximum GFA | 118,268 sq m |
| Maximum Building Height | 64m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 835* |
| Lease Term | 99 |
| Project Completion Period | 84 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.
The details of the provisional tender results are
below:
| S/N | Name of Tenderer | Tender Price ($) | $psm/GFA ($) |
|---|---|---|---|
| 1 | Horizon Residential Pte. Ltd. and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust) | $1,500,738,338 | $12,689.30 |
| 2 | Sim Lian Land Pte Ltd & Sim Lian Development Pte Ltd | $1,470,500,000 | $12,433.63 |
| 3 | Phoenix Property 1 Pte. Ltd. and Phoenix Property 2 Pte. Ltd. (as trustee-manager of Phoenix Mall Trust) | $1,400,969,888 | $11,845.72 |