Hillview Rise
AwardedResidential. URA sale site, built as Hillhaven.
S$320,777,000
S$11,020.61 psm GFA, about S$1,024 psf ppr (derived). Awarded 15 November 2022 to Far East Civil Engineering (Pte.) Limited, parent: Far East Organization and Sekisui House, Ltd.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Hillview Rise | Residential | 10,395.2 m² | 29,107 m² | Far East Civil Engineering (Pte.) Limited, parent: Far East Organization and Sekisui House, Ltd. | S$320,777,000(S$11,020.61) |
As listed at the close of 3 November 2022 (ura-pr22-40), with the outcome the award of 15 November 2022 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Far East Civil Engineering (Pte.) Limited, parent: Far East Organization and Sekisui House, Ltd. | S$320,777,000 | S$11,020.61 | S$1,024 | Awarded |
| 2 | CDL Constellation Pte Ltd, parent: City Developments Limited | S$316,800,000 | S$10,883.98 | S$1,011 | Unsuccessful |
| 3 | United Venture Development (No. 6) Pte. Ltd. | S$308,380,988 | S$10,594.74 | S$984 | Unsuccessful |
| 4 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited | S$283,000,000 | S$9,722.75 | S$903 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
15 November 2022
AwardedAward of tender for URA sale sites at Hillview Rise and Bukit Timah Link
Awarded to
Far East Civil Engineering (Pte.) Limited, parent: Far East Organization and Sekisui House, Ltd., S$320,777,000 (S$11,020.61 psm GFA, about S$1,024 psf ppr).
Read the press releaseHide the press releaseura-pr22-42
The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Hillview Rise and Bukit Timah Link to the highest tenderers, namely Far East Civil Engineering (Pte.) Limited and Sekisui House, Ltd. for the site at Hillview Rise; and Bukit One Pte. Ltd. for the site at Bukit Timah Link.
The sites at Hillview Rise and Bukit Timah Link were launched for tender on 31 August 2022. The tenders for these sites closed on 3 November 2022. The sites were offered for sale on 99-year lease terms.
Details of the awarded sites and the successful tenderers are provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($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) |
3 November 2022
Tender closedTender closing for URA sale sites at Hillview Rise and Bukit Timah Link
4 bids disclosed
Highest S$320,777,000 (S$11,020.61 psm GFA) from Far East Civil Engineering (Pte.) Limited, parent: Far East Organization and Sekisui House, Ltd.
Read the press releaseHide the press releaseura-pr22-40
The Urban Redevelopment Authority (URA) closed the tender for the two sites at Hillview Rise and Bukit Timah Link today.
The public tender for the two sites at Hillview Rise and Bukit Timah Link were launched on 31 August 2022.
Please see Annex A and B 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.
31 August 2022
Launched for tenderURA launches tender for two residential sites at Bukit Timah Link and Hillview Rise
Read the press releaseHide the press releaseura-pr22-31
The Urban Redevelopment Authority (URA) has released two residential sites at Bukit Timah Link and Hillview Rise for sale today under the Confirmed List of the second half 2022 (2H2022) Government Land Sales (GLS) Programme. Together, these two sites can yield about 495 residential units.
Details of the land parcels can be found in Annex 1 and the location plans are in Annex 2.
**Other Details
The tender for the Bukit Timah Link and Hillview Rise sites will close at 12 noon on 3 November 2022.
Site facts
- Selling authority
- URA
- Allowable development
- Residential
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr22-31/pr22-31a.pdf]
- Site area
- 10,395.2 sqm[ura-pr22-31/pr22-31a.pdf]
- Maximum GFA
- 29,107 sqm[ura-pr22-31/pr22-31a.pdf]
- Estimated housing units
- 335[ura-pr22-31/pr22-31a.pdf]
- Height control
- Technical height 120m SHD[ura-pr22-31/pr22-31a.pdf]
- Facts as stated on
- 31 August 2022
The market when bids closed
When bids closed on 3 November 2022, URA's latest quarterly figures were for 3Q2022, published 28 October 2022, 6 days earlier. The next release, 4Q2022, came on 27 January 2023. The table carries on through four releases after it.
| Private residential | 1Q2022Apr 2022 | 2Q2022Jul 2022 | On the day3Q2022Oct 2022 | 4Q2022Jan 2023 | 1Q2023Apr 2023 | 2Q2023Jul 2023 | 3Q2023Oct 2023 | Trend | Change3Q2022 to 3Q2023 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 174.8 | 180.9 | 187.8 | 188.6 | 194.8 | 194.4 | 196.0 | +4.4% | |
| Non-landed, core central region | 138.6 | 141.2 | 144.4 | 145.4 | 146.6 | 146.5 | 142.5 | −1.3% | |
| Private rental index | 119.0 | 127.0 | 137.9 | 148.1 | 158.8 | 163.2 | 164.5 | +19.3% | |
| Sales | |||||||||
| New homes sold by developers | 1,825 | 2,397 | 2,187 | 690 | 1,256 | 2,127 | 1,946 | −11.0% | |
| Resales | 3,377 | 4,236 | 3,719 | 2,694 | 2,622 | 2,976 | 2,900 | −22.0% | |
| Sub-sales | 141 | 178 | 242 | 204 | 243 | 285 | 355 | +46.7% | |
| Units launched | 613 | 1,956 | 1,455 | 504 | 1,312 | 2,374 | 2,805 | +92.8% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 14,087 | 15,805 | 15,677 | 16,024 | 16,252 | 17,484 | 16,747 | +6.8% | |
| Pipeline with planning approval | 47,415 | 48,836 | 49,384 | 46,041 | 44,846 | 44,157 | 36,949 | −25.2% | |
| Vacancy rate | 5.3% | 5.4% | 5.7% | 5.5% | 6.0% | 6.3% | 8.4% | +2.7 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 31 August 2022
URA launches tender for two residential sites at Bukit Timah Link and Hillview Rise
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 53b18d4970f7632b28598f89558f70e4cdfac0b42d040fde4c7f37400fa187b6
- Size
- 430,234 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 12:12:39 UTC
- Prevo reference
- ura-pr22-31
- AnnexPublished 31 August 2022
Annex 1 to URA launches tender for two residential sites at Bukit Timah Link and Hillview Rise
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 953c564202a1ff4c8fb12fbb5fff814eceeec68e59aae9582e6b8ce40af1fa17
- Size
- 11,878 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:39 UTC
- Prevo reference
- ura-pr22-31/pr22-31a.pdf
- AnnexPublished 31 August 2022
Annex 2 to URA launches tender for two residential sites at Bukit Timah Link and Hillview Rise
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 967d050a9d4faf0d9465c940bbb629e1c39c9f174f58e218b77a20e2d3e00dcc
- Size
- 269,808 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:39 UTC
- Prevo reference
- ura-pr22-31/pr22-31b.pdf
- Press releasePublished 3 November 2022
Tender closing for URA sale sites at Hillview Rise and Bukit Timah Link
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 51c052c169b422aa3a403ffd288ef5ad518e327aeaf1e290a0584f185603a765
- Size
- 423,432 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 12:12:40 UTC
- Prevo reference
- ura-pr22-40
- AnnexPublished 3 November 2022
Annex A to Tender closing for URA sale sites at Hillview Rise and Bukit Timah Link
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 42afa435baf9bd36c075b006027fc4e2c544a232f7569db487a53e2cd7a9a522
- Size
- 6,369 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:40 UTC
- Prevo reference
- ura-pr22-40/pr22-40a.pdf
- AnnexPublished 3 November 2022
Annex B to Tender closing for URA sale sites at Hillview Rise and Bukit Timah Link
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- fadf732bdac53dbc118d444e30080ce2dd13b90e15930c945bd7b1aa75109b1e
- Size
- 6,346 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 12:12:40 UTC
- Prevo reference
- ura-pr22-40/pr22-40b.pdf
- Press releasePublished 15 November 2022
Award of tender for URA sale sites at Hillview Rise and Bukit Timah Link
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 8b3269487c2d279cf7d121aae1e0ea579215f2014a6afec94fc3fae82afc2a09
- Size
- 455,834 bytes
- Format
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- Retrieved at
- 2026-09-18 12:12:40 UTC
- Prevo reference
- ura-pr22-42