[ Land sales ]

14 April 2026 · hdb-2026-04-13-miltonia-close · Housing & Development Board

Provisional Tender Results for Executive Condominium Development Site at Miltonia Close

The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Miltonia Close for tender on 23 December 2025.

2 The details of the land parcel are as follows:

Proposed DevelopmentExecutive Condominium housing development
LocationMiltonia Close
Site Area15,451.2 sqm
Maximum GFA43,264 sqm
Maximum Building Height90m Singapore Height Datum (SHD)
Estimated No. of Housing Units430*
Lease Term99 years
Project Completion Period60 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 shown below:

S/NName of TendererTender Price ($)$psm/GFA ($)
1Hoi Hup Realty Pte Ltd$340,850,000.00$7,878.37
2Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.$312,009,222.00$7,211.75
3Forsea Residence Pte. Ltd., CNQC Realty (Sigma) Pte. Ltd., Jianan Realty Investments (2) Pte. Ltd., and CYZ Land Pte. Ltd.$305,500,000.00$7,061.30

Text as retrieved 19 September 2026 from the Housing & Development Board release hdb-2026-04-13-miltonia-close, sha256 e5ea0dbf43da. Site chrome removed; headings, lists and tables kept.

Bids disclosed in this release

RankTendererTendered priceS$ psm GFA
1Hoi Hup Realty Pte LtdS$340,850,000S$7,878.37
2Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture)S$312,009,222S$7,211.75
3Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation), CNQC Realty (Sigma) Pte. Ltd., Jianan Realty Investments (2) Pte. Ltd., and CYZ Land Pte. Ltd.S$305,500,000S$7,061.30

Outcomes are not shown here: on the day of this release the tender was pending. The award, when it came, is its own release.

Documents

  1. Press releasePublished 13 April 2026

    Provisional Tender Results for Executive Condominium Development Site at Miltonia Close

    Housing & Development Board · Retrieved 19 September 2026

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    Housing & Development Board · Retrieved 19 September 2026

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