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7 November 2023 · ura-pr23-41 · Urban Redevelopment Authority

Tender closing for URA sale sites at Clementi Avenue 1, Pine Grove (Parcel B) and Lorong 1 Toa Payoh

Clementi Avenue 1Tender closedLorong 1 Toa PayohTender closedPine Grove (Parcel B)Tender closed

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The Urban Redevelopment Authority (URA) closed the tender for 3 sites at Clementi Avenue 1, Pine Grove (Parcel B) and Lorong 1 Toa Payoh today.

The public tender for the two sites at Clementi Avenue 1 and Pine Grove (Parcel B) was launched on 15 August 2023 while the tender for the site at Lorong 1 Toa Payoh was launched on 5 September 2023.

Please see Annexes A, B and C for details of the sites and tender bids received.

This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.

Text as retrieved 18 September 2026 from the Urban Redevelopment Authority release ura-pr23-41, sha256 45010a3f1d1f. Site chrome removed; headings, lists and tables kept.

Bids disclosed in this release

Lorong 1 Toa Payoh

RankTendererTendered priceS$ psm GFA
1CDL Constellation Pte. Ltd., parent: City Developments Limited, Frasers Property Phoenix Pte. Ltd., parent: Frasers Property Limited and Sekisui House, Ltd.S$968,000,000S$14,639.83
2Tanglin Land Pte. Ltd.S$819,999,999S$12,401.51
3GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited, Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd. and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture)S$775,781,823S$11,732.76

Clementi Avenue 1

RankTendererTendered priceS$ psm GFA
1CSC Land Group (Singapore) Pte. Ltd. and Caspian Residential 3 Pte. Ltd., parent: MCL Land Limited / Hongkong Land Holdings LimitedS$633,447,945S$13,455.00
2CDL Constellation Pte. Ltd., parent: City Developments Limited, Frasers Property Citrine Pte. Ltd. and Sekisui House, Ltd.S$608,888,888S$12,933.34
3CNQC Realty (Clementi) Pte. Ltd., parent: Qingjian Realty (South Pacific) Group Pte. Ltd. / Qingjian Group Co., Ltd. and Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation)S$570,700,000S$12,122.18
4Valerian Residential Pte. Ltd.S$502,888,888S$10,681.81
5GuocoLand (Singapore) Pte. Ltd., parent: GuocoLand Limited, Intrepid 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$451,013,937S$9,579.94
6Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway BerhadS$448,680,000S$9,530.36

Pine Grove (Parcel B)

RankTendererTendered priceS$ psm GFA
1Golden Ray Edge 3 Pte. Ltd., parent: Allgreen Properties Limited / Kerry Properties LimitedS$692,388,000S$13,167.53
2United Venture Development (No. 7) Pte. Ltd.S$559,489,100S$10,640.11
3Winchamp Investment Pte. Ltd., parent: Wing Tai Holdings LimitedS$472,000,000S$8,976.29

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 7 November 2023

    Tender closing for URA sale sites at Clementi Avenue 1, Pine Grove (Parcel B) and Lorong 1 Toa Payoh

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    ura-pr23-41
  2. AnnexPublished 7 November 2023

    Annex A to Tender closing for URA sale sites at Clementi Avenue 1, Pine Grove (Parcel B) and Lorong 1 Toa Payoh

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    ura-pr23-41/pr23-41a.pdf
  3. AnnexPublished 7 November 2023

    Annex B to Tender closing for URA sale sites at Clementi Avenue 1, Pine Grove (Parcel B) and Lorong 1 Toa Payoh

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    ura-pr23-41/pr23-41b.pdf
  4. AnnexPublished 7 November 2023

    Annex C to Tender closing for URA sale sites at Clementi Avenue 1, Pine Grove (Parcel B) and Lorong 1 Toa Payoh

    Urban Redevelopment Authority · Retrieved 18 September 2026

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    ura-pr23-41/pr23-41c.pdf