[ Land sales ]

Bukit Batok West Avenue 5

Awarded

Residential (Executive Condominium units). HDB sale site.

[ Award ]

S$336,068,000

S$6,738.61 psm GFA, about S$626 psf ppr (derived). Awarded 28 September 2022 to CDL Zenith Pte. Ltd., parent: City Developments Limited

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Bukit Batok West Avenue 5Residential (Executive Condominium units)16,623.7 m²49,872 m²CDL Zenith Pte. Ltd., parent: City Developments LimitedS$336,068,000(S$6,738.61)
[ All 4 tenderers ]

As listed at the close of 13 September 2022 (hdb-2022-09-12-bbw-ave-5-close), with the outcome the award of 28 September 2022 gave each.

RankTendererTendered priceS$ psm GFAS$ psf ppr (derived)Outcome
1CDL Zenith Pte. Ltd., parent: City Developments LimitedS$336,068,000S$6,738.61S$626Awarded
2Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited & Sim Lian Development Pte Ltd, parent: Sim Lian Group LimitedS$335,508,000S$6,727.38S$625Unsuccessful
3Intrepid 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$332,526,222S$6,667.59S$619Unsuccessful
4CNQC-OS (3) Pte Ltd and Santarli Realty Pte Ltd, parent: Santarli GroupS$331,001,000S$6,637.01S$617Unsuccessful

Press releases, latest first

Each card is one release on its own date, with its text folded beneath. The latest is first and open.

28 September 2022

Awarded

Final Tender Results for Land Parcel at Bukit Batok West Avenue 5 for Executive Condominium Housing Development

The source page is dated 27 September 2022; the release text dates its action 28 September 2022. Both are kept as stated.

Awarded to

CDL Zenith Pte. Ltd., parent: City Developments Limited, S$336,068,000 (S$6,738.61 psm GFA, about S$626 psf ppr).

Read the press releasehdb-2022-09-27-bbw-ave-5-award

The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Bukit Batok West Avenue 5 for sale by public tender on 28 June 2022.

2 The details of the land parcel are as follows:

Site Details
LocationBukit Batok West Avenue 5
Proposed DevelopmentExecutive Condominium Housing
Site Area16,623.7 sq m
Maximum GFA49,872 sq m
Maximum Building Height60-70m Singapore Height Datum (SHD)
Estimated No. of Housing Units495*
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 site has been awarded to CDL Zenith Pte. Ltd., at the tender price of $336,068,000.00 on 28 September 2022. The details of the tender results can also be viewed here.

13 September 2022

Tender closed

Provisional Tender Results for Land Parcel at Bukit Batok West Avenue 5 for Executive Condominium Housing Development

The source page is dated 12 September 2022; the release text dates its action 13 September 2022. Both are kept as stated.

4 bids disclosed

Highest S$336,068,000 (S$6,738.61 psm GFA) from CDL Zenith Pte. Ltd., parent: City Developments Limited

Read the press releasehdb-2022-09-12-bbw-ave-5-close

The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Bukit Batok West Avenue 5for sale by public tender on 28 June 2022.

2 The details of the land parcel are as follows:

Site Details
LocationBukit Batok West Avenue 5
Proposed DevelopmentExecutive Condominium Housing
Site Area16,623.7 sq m
Maximum GFA49,872 sq m
Maximum Building Height60-70m Singapore Height Datum (SHD)
Estimated No. of Housing Units495*
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 with 4 bids received. The details of the provisional tender results are below:

S/NName of TendererTender Price ($)$psm/GFA ($)
1CDL Zenith Pte. Ltd.$336,068,000.00$6,738.61
2Sim Lian Land Pte Ltd & Sim Lian Development Pte Ltd$335,508,000.00$6,727.38
3Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.$332,526,222.00$6,667.59
4CNQC-OS (3) Pte Ltd and Santarli Realty Pte Ltd$331,001,000.00$6,637.01

4 A decision on the award of the tender will be made after the bids have been evaluated. This will be published at a later date.

28 June 2022

Launched for tender, Confirmed List

HDB Launches Residential Site at Bukit Batok West Avenue 5

The source page is dated 27 June 2022; the release text dates its action 28 June 2022. Both are kept as stated.

Read the press releasehdb-2022-06-27-bbw-ave-5-launch

The Housing & Development Board (HDB), as the Government’s land sales agent, has launched a residential
site at Bukit Batok West Avenue 5 for sale by public tender today, under the Confirmed List of 1st half
2022 (1H2022) Government Land Sales (GLS) Programme.

2 The site can potentially yield about 495 residential units. Details on the land parcel can be found in Annex 1 and the location plan is in Annex 2.

3 The tender for the land parcel at Bukit Batok West Avenue 5 will close at 12:00 noon on Tuesday, 13 September 2022.
The tender closing for this site will be batch closed together with two other URA residential sale sites at Lentor
Central and Lentor Hills Road (Parcel B).

4 Prospective tenderers may send their enquiries to HDB directly via email: landsales@hdb.gov.sg.

Site facts

Selling authority
HDB
Allowable development
Residential (Executive Condominium units)
Tenure
99 years
Programme list
Confirmed List (1H2022 programme), launched for tender[hdb-2022-06-27-bbw-ave-5-launch/28062022_Annex_1.pdf]
Site area
16,623.7 sqm[hdb-2022-06-27-bbw-ave-5-launch/28062022_Annex_1.pdf]
Maximum GFA
49,872 sqm[hdb-2022-06-27-bbw-ave-5-launch/28062022_Annex_1.pdf]
Estimated housing units
495[hdb-2022-06-27-bbw-ave-5-launch/28062022_Annex_1.pdf]
Height control
60-70m SHD[hdb-2022-06-27-bbw-ave-5-launch/28062022_Annex_1.pdf]
Tender conditions
  • Housing classification: Executive Condominium
  • Project completion period: 60 months. From the date of acceptance of tender
  • Housing yield: The number of units is an estimate; the release says the actual number proposed by the developer may vary. Not a cap.
Facts as stated on
28 June 2022

The market when bids closed

When bids closed on 13 September 2022, URA's latest quarterly figures were for 2Q2022, published 22 July 2022, 53 days earlier. The next release, 3Q2022, came on 28 October 2022. The table carries on through four releases after it.

Private residential4Q2021Jan 20221Q2022Apr 2022On the day2Q2022Jul 20223Q2022Oct 20224Q2022Jan 20231Q2023Apr 20232Q2023Jul 2023TrendChange2Q2022 to 2Q2023
Prices
Private home price index173.6174.8180.9187.8188.6194.8194.4+7.5%
Non-landed, core central region138.7138.6141.2144.4145.4146.6146.5+3.8%
Private rental index114.2119.0127.0137.9148.1158.8163.2+28.5%
Sales
New homes sold by developers3,0181,8252,3972,1876901,2562,127−11.3%
Resales4,7483,3774,2363,7192,6942,6222,976−29.7%
Sub-sales159141178242204243285+60.1%
Units launched2,2756131,9561,4555041,3122,374+21.4%
Supply
Unsold, uncompleted, with planning approval14,15414,08715,80515,67716,02416,25217,484+10.6%
Pipeline with planning approval46,27647,41548,83649,38446,04144,84644,157−9.6%
Vacancy rate6.0%5.3%5.4%5.7%5.5%6.0%6.3%+0.9 pts
SourceSelect a figure to see where URA printed it.
Latest release on the dayBids closedheldHeld back

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

  1. Press releasePublished 27 June 2022

    HDB Launches Residential Site at Bukit Batok West Avenue 5

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    326f6c9f71a434283a9088276a54a27fefb664c22405c92e998cb0caf24f8183
    Size
    19,795 bytes
    Format
    text/html
    Retrieved at
    2026-09-19 08:38:48 UTC
    Prevo reference
    hdb-2022-06-27-bbw-ave-5-launch
  2. AnnexPublished 27 June 2022

    Annex 1, site details to HDB Launches Residential Site at Bukit Batok West Avenue 5

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    d512340c8c4193c81b8203e79a3654ab2d6e6d742da0a4d2d2b78c77238370c1
    Size
    340,351 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 08:38:48 UTC
    Prevo reference
    hdb-2022-06-27-bbw-ave-5-launch/28062022_Annex_1.pdf
  3. AnnexPublished 27 June 2022

    Annex 2, location plan to HDB Launches Residential Site at Bukit Batok West Avenue 5

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    8fa86aadd3491a628539ed32ab4a4d396709a5734e7b886a7a73129b8b0ba942
    Size
    303,222 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 08:38:48 UTC
    Prevo reference
    hdb-2022-06-27-bbw-ave-5-launch/28062022_Annex_2.pdf
  4. Press releasePublished 12 September 2022

    Provisional Tender Results for Land Parcel at Bukit Batok West Avenue 5 for Executive Condominium Housing Development

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    20ac9e3a165be63b0f9c10233d356cc954c4db4a33f621a0cca0a98387d3a5c4
    Size
    23,016 bytes
    Format
    text/html
    Retrieved at
    2026-09-19 08:38:48 UTC
    Prevo reference
    hdb-2022-09-12-bbw-ave-5-close
  5. AnnexPublished 12 September 2022

    Location plan to Provisional Tender Results for Land Parcel at Bukit Batok West Avenue 5 for Executive Condominium Housing Development

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    1b4a6b11fc7877f2a715ddc3cb43e1ef625b1a767f0130fae9b4b45b996d86c2
    Size
    2,491,927 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 08:38:48 UTC
    Prevo reference
    hdb-2022-09-12-bbw-ave-5-close/13092022-Location-Plan.pdf
  6. Page capturePublished 12 September 2022

    Browser capture of Provisional Tender Results for Land Parcel at Bukit Batok West Avenue 5 for Executive Condominium Housing Development, 2026-09-19

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    d315b53c6e82c586bc9616b44908c5fddef2c61759a4582090a35c5da61f7cf7
    Size
    1,119,057 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 07:08:02 UTC
    Prevo reference
    hdb-2022-09-12-bbw-ave-5-close/screencapture-hdb-gov-sg-hdb-pulse-news-2022-provisional-tender-results-for-land-parcel-at-bukit-batok-west-ave-5-2026-09-19-15_08_02.pdf
  7. Press releasePublished 27 September 2022

    Final Tender Results for Land Parcel at Bukit Batok West Avenue 5 for Executive Condominium Housing Development

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    f8edeca7cd7ab1060007adbe209f42af8898bae2f4d58b434e165190c2ba29dc
    Size
    20,910 bytes
    Format
    text/html
    Retrieved at
    2026-09-19 08:38:48 UTC
    Prevo reference
    hdb-2022-09-27-bbw-ave-5-award
  8. AnnexPublished 27 September 2022

    Location plan to Final Tender Results for Land Parcel at Bukit Batok West Avenue 5 for Executive Condominium Housing Development

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    1b4a6b11fc7877f2a715ddc3cb43e1ef625b1a767f0130fae9b4b45b996d86c2
    Size
    2,491,927 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 08:38:48 UTC
    Prevo reference
    hdb-2022-09-27-bbw-ave-5-award/28092022-LocationPlan-BukitBatokWestAvenue5.pdf
  9. Page capturePublished 27 September 2022

    Browser capture of Final Tender Results for Land Parcel at Bukit Batok West Avenue 5 for Executive Condominium Housing Development, 2026-09-19

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

    Technical details
    SHA-256
    f82de1b78380cc9c162bc35dca95a75e8eb20214020448a84277c874e479fd79
    Size
    930,320 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 07:08:32 UTC
    Prevo reference
    hdb-2022-09-27-bbw-ave-5-award/screencapture-hdb-gov-sg-hdb-pulse-news-2022-final-tender-results-bukit-batok-west-ave-5-2026-09-19-15_08_32.pdf