The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Hillview Rise and Bukit Timah Link to the highest tenderers, namely Far East Civil Engineering (Pte.) Limited and Sekisui House, Ltd. for the site at Hillview Rise; and Bukit One Pte. Ltd. for the site at Bukit Timah Link.
The sites at Hillview Rise and Bukit Timah Link were launched for tender on 31 August 2022. The tenders for these sites closed on 3 November 2022. The sites were offered for sale on 99-year lease terms.
Details of the awarded sites and the successful tenderers are provided below:
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| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Hillview Rise | Residential | 10,395.2 m² | 29,107 m² | Far East Civil Engineering (Pte.) Limited and Sekisui House, Ltd. | $320,777,000 ($11,020.61) |
| Bukit Timah Link | 4,611.1 m² | 13,834 m² | Bukit One Pte. Ltd. | $200,001,888 ($14,457.27) |