Tampines Street 62 (Parcel B)
AwardedExecutive Condominium residential. HDB sale site.
S$543,280,000
S$7,761.03 psm GFA (derived: the source published the price and no rate). Awarded 9 October 2023 to Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited. The close opened only the forms of submission: the tenderers are listed in the annex's order, which is not a price rank, and the award published every price as the tender results, shown with the award.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Tampines Street 62 (Parcel B) | Executive Condominium residential | 28,000.2 m² | 70,001 m² | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited | S$543,280,000(S$7,761.03, derived) |
As listed at the close of 18 July 2023 (hdb-2023-07-17-tampines-62b-close), with the outcome the award of 9 October 2023 gave each.
| S/N | Tenderer | Alternative proposal | Tendered price | Outcome |
|---|---|---|---|---|
| 1 | CDL Stellar Pte. Ltd., parent: City Developments Limited | Not priced at the close | Unsuccessful | |
| 2 | CSC Land Group (Singapore) Pte. Ltd. | Not priced at the close | Unsuccessful | |
| 3 | Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation), CNQC-OS (5) Pte. Ltd. and SNC3 Realty Pte. Ltd. | Submitted | Not priced at the close | Unsuccessful |
| 4 | Grand Brilliance Property 3 Pte. Ltd. | Not priced at the close | Unsuccessful | |
| 5 | Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway Berhad | Submitted | Not priced at the close | Unsuccessful |
| 6 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) and Otto Projects Pte. Ltd. | Submitted | Not priced at the close | Unsuccessful |
| 7 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited | Submitted | S$543,280,000 | Awarded |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
9 October 2023
AwardedFinal Tender Results for Land Parcel at Tampines Street 62 (PARCEL B) for Executive Condominium Housing Development
The source page is dated 8 October 2023; the release text dates its action 9 October 2023. Both are kept as stated.
9 bids disclosed
Highest S$543,280,000 from Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited.
Awarded to
Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited, S$543,280,000 (S$7,761.03 psm GFA, derived: the source published the price and not the rate).
Read the press releaseHide the press releasehdb-2023-10-08-tampines-62b-award
The Housing & Development Board (HDB), as the Government’s land sales agent, launched theland parcel at Tampines Street 62 (Parcel B) for tender on 14 March 2023.
2 The details of the land parcel are as follows:
| Site Details | |
|---|---|
| Location | Tampines Street 62 (Parcel B) |
| Proposed Development | Executive Condominium Housing |
| Site Area | 28,000.2 sq m |
| Maximum GFA | 70,001 sq m |
| Maximum Building Height | 64m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 700* |
| Lease Term | 99 years |
| Project Completion Period | 60 months from the date of acceptance of tender |
3 The site has been awarded to Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd at the tender price of $543,280,000 on 9 October 2023. The details of the tender results can also be viewed here.
18 July 2023
Tender closedParticulars Of Tenders Submitted For Executive Condominium Housing Development Site At Tampines Street 62 (Parcel B)
The source page is dated 17 July 2023; the release text dates its action 18 July 2023. Both are kept as stated.
7 forms of submission opened
Only the forms of submission were opened; no price was published at this stage. Tenderers are listed in the annex’s order, which is not a price rank.
Read the press releaseHide the press releasehdb-2023-07-17-tampines-62b-close
The Housing & Development Board (HDB) closed the tender for the Executive Condominium housing development
site at Tampines
street 62 (Parcel B) today.
2 Tenderers for the Executive Condominium site at Tampines Street 62 (Parcel B) have the
option to submit an alternative bid on top of a base Prefabricated Prefinished Volumetric Construction (PPVC)
bid. The alternative bid may be of a non-PPVC technology or a hybrid of technologies which could yield the
specified productivity improvement. PPVC bids will automatically qualify for the tender evaluation, while any
alternative bid will be required to submit a write-up to demonstrate the feasibility of proposal. The Concept
Evaluation Committee, chaired by BCA, will assess whether the alternative bid(s) can reasonably fulfil the
productivity improvement requirements before they can be considered as qualifying bids to proceed with the
tender evaluation with the PPVC bids.
3 HDB received tender submissions from 7 tenderers, of whom 4 tenderers submitted an alternative
proposal. Please see Annex 1 for
the particulars of tenders submitted.
4 A decision on the award of the tender will be made after the tenders have been evaluated. This will be
published at a later date.
14 March 2023
Launched for tenderURA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Read the press releaseHide the press releaseura-pr23-04
- These form part of the increased supply of housing under the Government Land Sales Programme for 1H2023 to cater to demand
- The two Confirmed List sites will yield a total of 1,540 residential units, with more launching in the coming months
The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) released two sites at Jalan Tembusu and Tampines Street 62 (Parcel B) for sale today under the first half 2023 (1H2023) Government Land Sales (GLS) Programme.
The URA site at Jalan Tembusu and HDB Executive Condominium site at Tampines Street 62 (Parcel B) are launched for sale under the Confirmed List. Together, these two sites can yield about 1,540 residential units. These form part of the 4,090 residential units1 to be made available via the Confirmed List of the 1H2023 GLS programme, which represents a 17% increase from the 3,505 units made available in 2H2022.
To encourage the adoption of innovative construction technologies and productive construction methods, the modified concept and price revenue tender approach2 will be used for the tender of the Executive Condominium site at Tampines Street 62 (Parcel B).
Details of the land parcels can be found in Annex 1 and the location plans is in Annex 2.
Other details The tender for the two land parcels at Jalan Tembusu and Tampines Street 62 (Parcel B) will close at 12 noon on 18 July 2023 at URA and HDB respectively.
1 The total supply of 4,090 residential units will bring the total pipeline supply of private housing (including ECs) to about 61,000 units, comprising 51,700 units with planning approval and 9,300 units from GLS sites and awarded en-bloc sites that have not been granted planning approval yet.
2 Tenderers have the option to submit an alternative bid on top of a base Prefabricated Prefinished Volumetric Construction (PPVC) bid. The alternative bid may be of a non-PPVC technology or a hybrid of technologies which could yield the specified productivity improvement. PPVC bids will automatically qualify for the tender evaluation, while any alternative bid will need to be accompanied by a write-up to demonstrate the feasibility of proposal.
27 May 2021
Released on the Reserve ListURA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Read the press releaseHide the press releaseura-pr21-15
The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) released two residential sites at Jalan Tembusu and Tampines Street 62 (Parcel B) for sale today under the 1st half 2021 (1H2021) Government Land Sales (GLS) Programme.
The URA site at Jalan Tembusu and HDB Executive Condominium site at Tampines Street 62 (Parcel B) are available for application under the Reserve List. Together, these two sites can yield about 1,340 residential units.
Details on the land parcels can be found in Annex 1 and the location plans in Annex 2.
URBAN REDEVELOPMENT AUTHORITY
HOUSING & DEVELOPMENT BOARD
Site facts
- Selling authority
- HDB
- Allowable development
- Executive Condominium residential
- Tenure
- 99 years
- Tender method
- Modified Concept and Price Revenue tender: a base PPVC bid qualifies for the price evaluation outright, and an alternative-technology bid qualifies only after a concept evaluation of its construction productivity, not of its design. The typed conditions are under Tender conditions.
- Programme list
- Confirmed List (1H2023 programme), launched for tender[ura-pr23-04/pr23-04a.pdf]
- Site area
- 28,000.2 sqm[ura-pr23-04/pr23-04a.pdf]
- Maximum GFA
- 70,001 sqm[ura-pr23-04/pr23-04a.pdf]
- Estimated housing units
- 700[ura-pr23-04/pr23-04a.pdf]
- Height control
- 64m SHD[ura-pr23-04/pr23-04a.pdf]
- Tender conditions
- Housing classification: Executive Condominium
- Tender method: Price tender with a base Prefabricated Prefinished Volumetric Construction (PPVC) bid; tenderers may add an alternative bid of a non-PPVC or hybrid technology yielding the specified productivity improvement, with a write-up demonstrating feasibility. PPVC bids qualify automatically for evaluation.
- Facts as stated on
- 14 March 20232 versions on record: 27 May 2021, 14 March 2023. Each is kept; the one in force on the reading date is shown.
Bids at the close of 9 October 2023
9 priced bids as listed in hdb-2023-10-08-tampines-62b-award. S$ psm of GFA is the published rate; psf ppr is derived from it.
| Rank | Tenderer | Alternative proposal | Tendered price | Outcome |
|---|---|---|---|---|
| 1 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group LimitedPublished with the award as HDB's tender results, which the award release links; the price is as HDB's list of EC sites sold prints it. | S$543,280,000 | Awarded | |
| 2 | Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway Berhad (Alternative Proposal)Published with the award as HDB's tender results, which the award release links; the price is as HDB's list of EC sites sold prints it. An alternative proposal, priced apart from the same tenderer's base bid. | Submitted | S$536,600,000 | Unsuccessful |
| 3 | CSC Land Group (Singapore) Pte. Ltd.Published with the award as HDB's tender results, which the award release links; the price is as HDB's list of EC sites sold prints it. | S$536,486,666 | Unsuccessful | |
| 4 | Forsea Residence Pte. Ltd, parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation), CNQC-OS (5) Pte. Ltd. and SNC3 Realty Pte. LtdPublished with the award as HDB's tender results, which the award release links; the price is as HDB's list of EC sites sold prints it. | S$512,800,000 | Unsuccessful | |
| 5 | Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway BerhadPublished with the award as HDB's tender results, which the award release links; the price is as HDB's list of EC sites sold prints it. | S$506,900,000 | Unsuccessful | |
| 6 | CDL Stellar Pte. Ltd., parent: City Developments LimitedPublished with the award as HDB's tender results, which the award release links; the price is as HDB's list of EC sites sold prints it. | S$500,888,000 | Unsuccessful | |
| 7 | Grand Brilliance Property 3 Pte. Ltd.Published with the award as HDB's tender results, which the award release links; the price is as HDB's list of EC sites sold prints it. | S$500,689,961 | Unsuccessful | |
| 8 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) and Otto Projects Pte. Ltd. (Alternative Proposal)Published with the award as HDB's tender results, which the award release links; the price is as HDB's list of EC sites sold prints it. An alternative proposal, priced apart from the same tenderer's base bid. | Submitted | S$467,165,275 | Unsuccessful |
| 9 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited, TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) and Otto Projects Pte. Ltd.Published with the award as HDB's tender results, which the award release links; the price is as HDB's list of EC sites sold prints it. | S$467,165,000 | Unsuccessful |
The market when bids closed
When bids closed on 18 July 2023, URA's latest quarterly figures were for 1Q2023, published 28 April 2023, 81 days earlier. The 2Q2023 figures followed ten days after the close. The table carries on through four releases after it.
| Private residential | 3Q2022Oct 2022 | 4Q2022Jan 2023 | On the day1Q2023Apr 2023 | 2Q2023Jul 2023 | 3Q2023Oct 2023 | 4Q2023Jan 2024 | 1Q2024Apr 2024 | Trend | Change1Q2023 to 1Q2024 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 187.8 | 188.6 | 194.8 | 194.4 | 196.0 | 201.5 | 204.3 | +4.9% | |
| Non-landed, core central region | 144.4 | 145.4 | 146.6 | 146.5 | 142.5 | 148.1 | 153.1 | +4.4% | |
| Private rental index | 137.9 | 148.1 | 158.8 | 163.2 | 164.5 | 161.0 | 157.9 | −0.6% | |
| Sales | |||||||||
| New homes sold by developers | 2,187 | 690 | 1,256 | 2,127 | 1,946 | 1,092 | 1,164 | −7.3% | |
| Resales | 3,719 | 2,694 | 2,622 | 2,976 | 2,900 | 2,831 | 2,689 | +2.6% | |
| Sub-sales | 242 | 204 | 243 | 285 | 355 | 411 | 377 | +55.1% | |
| Units launched | 1,455 | 504 | 1,312 | 2,374 | 2,805 | 1,060 | 1,304 | −0.6% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 15,677 | 16,024 | 16,252 | 17,484 | 16,747 | 16,929 | 19,936 | +22.7% | |
| Pipeline with planning approval | 49,384 | 46,041 | 44,846 | 44,157 | 36,949 | 34,251 | 38,167 | −14.9% | |
| Vacancy rate | 5.7% | 5.5% | 6.0% | 6.3% | 8.4% | 8.1% | 6.8% | +0.8 pts | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
Sources
- Press releasePublished 27 May 2021
URA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Urban Redevelopment Authority and Housing & Development Board · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- bd3f59aef1a7bf51477b690b4b057363252fc5e6bfeeab7bcdbc5e8946a1d7cf
- Size
- 434,327 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 09:29:49 UTC
- Prevo reference
- ura-pr21-15
- AnnexPublished 27 May 2021
Annex 1 to URA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Urban Redevelopment Authority and Housing & Development Board · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 8c9735f3a4563c24bd8795a68aedd7221ed1a2b6bbdce902562cba6062889777
- Size
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- Retrieved at
- 2026-09-18 09:29:49 UTC
- Prevo reference
- ura-pr21-15/pr21-15a.pdf
- AnnexPublished 27 May 2021
Annex 2 to URA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Urban Redevelopment Authority and Housing & Development Board · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 52f03de81162de79ed82aa42910101f15e948299202660361cb9bb0dc0b2be35
- Size
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- 2026-09-18 09:29:49 UTC
- Prevo reference
- ura-pr21-15/pr21-15b.pdf
- Press releasePublished 14 March 2023
URA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Urban Redevelopment Authority and Housing & Development Board · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 4cf9fd87a5a3b6af4d462ef0ef275df620720f3c441c5f27d4a36724bf33ee81
- Size
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- Retrieved at
- 2026-09-18 14:52:09 UTC
- Prevo reference
- ura-pr23-04
- AnnexPublished 14 March 2023
HDB Annex 1, site details to URA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Urban Redevelopment Authority and Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- b9aeb662b1ab9cca4267a1c6328d07d5e294e9e802489e7cdc9c87e70b2c2150
- Size
- 102,020 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 09:24:09 UTC
- Prevo reference
- ura-pr23-04/14032023-Annex-1.pdf
- AnnexPublished 14 March 2023
HDB Annex 2, location plans to URA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Urban Redevelopment Authority and Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- Size
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- Retrieved at
- 2026-09-19 09:24:09 UTC
- Prevo reference
- ura-pr23-04/14032023-Annex-2.pdf
- AnnexPublished 14 March 2023
Annex 1 to URA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Urban Redevelopment Authority and Housing & Development Board · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 36bc8792aa002e1e0a62075802abac84b11113dbae598cf3754d2e8205da0c69
- Size
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- 2026-09-18 14:52:09 UTC
- Prevo reference
- ura-pr23-04/pr23-04a.pdf
- AnnexPublished 14 March 2023
Annex 2 to URA and HDB release sale sites at Jalan Tembusu and Tampines Street 62 (Parcel B)
Urban Redevelopment Authority and Housing & Development Board · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- ura-pr23-04/pr23-04b.pdf
- Press releasePublished 17 July 2023
Particulars Of Tenders Submitted For Executive Condominium Housing Development Site At Tampines Street 62 (Parcel B)
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- 2026-09-19 09:24:07 UTC
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- hdb-2023-07-17-tampines-62b-close
- AnnexPublished 17 July 2023
Annex 1, particulars of tenders submitted to Particulars Of Tenders Submitted For Executive Condominium Housing Development Site At Tampines Street 62 (Parcel B)
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- hdb-2023-07-17-tampines-62b-close/Annex-1.pdf
- Press releasePublished 8 October 2023
Final Tender Results for Land Parcel at Tampines Street 62 (PARCEL B) for Executive Condominium Housing Development
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 8831c3c5cc5cf58f3966f9076d275f8349435e5a7b33c879de7f489e1ceb6b98
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- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2023-10-08-tampines-62b-award
- Page capturePublished 8 October 2023
Browser capture of Final Tender Results for Land Parcel at Tampines Street 62 (PARCEL B) for Executive Condominium Housing Development, 2026-09-19
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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