Plantation Close
AwardedExecutive Condominium housing. HDB sale site.
S$348,500,000
S$7,570.16 psm GFA (derived: the source published the price and no rate). Awarded 11 September 2023 to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd, parent: Sunway Berhad. The close opened only the forms of submission: the tenderers are listed in the annex's order, which is not a price rank, and the award published every price as the tender results, shown with the award.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Plantation Close | Executive Condominium housing | 16,441.2 m² | 46,036 m² | Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd, parent: Sunway Berhad | S$348,500,000(S$7,570.16, derived) |
As listed at the close of 27 June 2023 (hdb-2023-06-26-tampines-ave-11-plantation-close-close), with the outcome the award of 11 September 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 | CNQC-OS (3) Pte. Ltd. and SNC2 Realty Pte. Ltd., parent: SingHaiyi Group Ltd.HDB's tender results (its list of EC sites sold) state that the envelopes of this tenderer's alternative proposal was not opened, as it did not meet the land sales requirements; its base bid was opened and priced. | Submitted | Not priced at the close | Unsuccessful |
| 3 | EVIA Real Estate (11) Pte Ltd, Apex Asia PT-EC Pte Ltd, AFP Land Limited and FRX Development 1 Pte Ltd | Not priced at the close | Unsuccessful | |
| 4 | Frasers Property Agate Pte. Ltd. and Sekisui House, Ltd. | Not priced at the close | Unsuccessful | |
| 5 | Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd, parent: Sunway Berhad | Submitted | S$348,500,000 | Awarded |
| 6 | Kingsford Huray Development Pte. Ltd., parent: Kingsford Group, Obsidian Development Pte. Ltd., Polarix Cultural & Science Park Investment Private LimitedHDB's tender results (its list of EC sites sold) state that the envelopes of this tenderer's bid was not opened, as it did not meet the land sales requirements; it has no price. | Not priced at the close | Unsuccessful | |
| 7 | 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) | Not priced at the close | Unsuccessful | |
| 8 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited | Not priced at the close | Unsuccessful | |
| 9 | Tanglin Land Pte. Ltd. | Not priced at the close | 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.
11 September 2023
AwardedFinal Tender Results for Land Parcel at Plantation Close for Executive Condominium Housing Development
The source page is dated 10 September 2023; the release text dates its action 11 September 2023. Both are kept as stated.
9 bids disclosed
Highest S$348,500,000 from Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway Berhad (Alternative Proposal).
Awarded to
Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd, parent: Sunway Berhad, S$348,500,000 (S$7,570.16 psm GFA, derived: the source published the price and not the rate).
Read the press releaseHide the press releasehdb-2023-09-10-plantation-close-award
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Plantation Close for tender on 23 December 2022.
2 The details of the land parcel are as follows:
| Site Details | |
|---|---|
| Location | Plantation Close |
| Proposed Development | Executive Condominium Housing |
| Site Area | 16,441.2 sq m |
| Maximum GFA | 46,036 sq m |
| Maximum Building Height | 70m to 80m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 495* |
| Lease Term | 99 years |
| Project Completion Period | 60 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 Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd. at the tender price of $348,500,000 on 11 September 2023. The details of the tender results can also be viewed here.
27 June 2023
Tender closedProvisional Tender Results for Mixed Use Development Site at Tampines Avenue 11 and Particulars of Tenders Submitted for Executive Condominium Housing Development Site at Plantation Close
The source page is dated 26 June 2023; the release text dates its action 27 June 2023. Both are kept as stated.
9 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-2023-06-26-tampines-ave-11-plantation-close-close
The Housing & Development Board (HDB) closed the tenders for the Mixed commercial / residential site at Tampines Avenue 11 and the Executive Condominium housing development site at Plantation Close today.
Mixed commercial / residential site at Tampines Avenue 11
2 HDB received a total of 3 bids for the Mixed commercial/ residential site at Tampines Avenue 11. Please see Annex 1 for the provisional tender results.
Executive Condominium housing development site at Plantation Close
3 Tenderers for the Executive Condominium site at Plantation Close 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.
4 HDB received tender submissions from 9 tenderers for the Executive Condominium housing development site at Plantation Close, of whom 2 tenderers submitted an alternative proposal. Please see Annex 2 for the particulars of tenders submitted.
5 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.
23 December 2022
Launched for tender, Confirmed ListHDB Launches Tender for Sale Sites at Tampines Avenue 11 and Plantation Close
The source page is dated 22 December 2022; the release text dates its action 23 December 2022. Both are kept as stated.
Read the press releaseHide the press releasehdb-2022-12-22-tampines-plantation-launch
The Housing & Development Board (HDB), as the Government’s land sales agent, has launched a mixed
commercial / residential site at Tampines Avenue 11 and an Executive Condominium site at Plantation Close for sale
by public tender today, under the Confirmed List of 2nd half 2022 (2H2022) Government Land Sales (GLS) Programme.
2 These two sites can potentially yield about 1,685 residential units. Details on the land parcels can be found in Annex 1 and the
location plans in Annex 2.
Modified Concept and Price Revenue Tender System
3 To encourage the adoption of innovative construction technologies and productive construction methods, a modified
concept and price revenue tender system will be piloted for the Executive Condominium site at Plantation Close.
4 Under this approach, tenderers will 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. No detailed concept design proposal will be required. The Concept Evaluation Committee, chaired by BCA,
will assess whether the alternative bids can reasonably fulfil the productivity improvement requirements and deliver
advantages comparable to that of PPVC technology before they can be considered as qualifying bids to proceed with
the tender evaluation with the PPVC bids.
Other Details
5 The tender for the sale sites at Tampines Ave 11 and Plantation Close will close at 12:00 noon on Tuesday, 27 June
2023. The tender closing for these two sites will be batched together with another residential with commercial at
first storey site at Marina Gardens Lane, which was launched by URA on 5 December 2022.
Site facts
- Selling authority
- HDB
- Allowable development
- Executive Condominium housing
- 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 (2H2022 programme), launched for tender[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
- Site area
- 16,441.2 sqmSubject to cadastral survey, as the annex states.[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
- Maximum GFA
- 46,036 sqm[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
- Estimated housing units
- 495[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
- Height control
- 70-80m SHD[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
- Tender conditions
- Housing classification: Executive Condominium
- Tender method: Modified Concept and Price Revenue tender system, piloted to encourage innovative construction technologies and productive construction methods
- Base bid: Prefabricated Prefinished Volumetric Construction (PPVC)
- Alternative bid: Permitted, on top of the base PPVC bid
- Alternative technology: A non-PPVC technology or a hybrid of technologies
- Alternative bid must show: The specified productivity improvement, and advantages comparable to PPVC technology
- Alternative bid submission: A write-up demonstrating the feasibility of the proposal; no detailed concept design proposal is required
- Concept Evaluation Committee: Chaired by the Building and Construction Authority (BCA)
- Qualifying for tender evaluation: PPVC bids qualify automatically; an alternative bid qualifies only after the Concept Evaluation Committee finds it can reasonably fulfil the productivity requirements and deliver advantages comparable to PPVC
- 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
- 23 December 2022
Bids at the close of 11 September 2023
9 priced bids as listed in hdb-2023-09-10-plantation-close-award. S$ psm of GFA is the published rate; psf ppr is derived from it.
| Rank | Tenderer | Alternative proposal | Tendered price | Outcome |
|---|---|---|---|---|
| 1 | 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$348,500,000 | Awarded |
| 2 | 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$328,300,000 | Unsuccessful | |
| 3 | Frasers Property Agate Pte. Ltd. and Sekisui House, 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$315,188,888 | Unsuccessful | |
| 4 | Tanglin Land 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$315,000,888 | Unsuccessful | |
| 5 | CNQC-OS (3) Pte. Ltd and SNC2 Realty Pte. Ltd, parent: SingHaiyi Group 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$312,300,000 | Unsuccessful | |
| 6 | EVIA Real Estate (11) Pte Ltd, Apex Asia PT-EC Pte Ltd, AFP Land Limited and FRX Development 1 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$310,688,999 | Unsuccessful | |
| 7 | 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$303,030,303 | Unsuccessful | |
| 8 | 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$297,818,888 | Unsuccessful | |
| 9 | 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)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$284,930,615 | Unsuccessful |
The market when bids closed
When bids closed on 27 June 2023, URA's latest quarterly figures were for 1Q2023, published 28 April 2023, 60 days earlier. The next release, 2Q2023, came on 28 July 2023. 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 22 December 2022
HDB Launches Tender for Sale Sites at Tampines Avenue 11 and Plantation Close
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 5c50ae8c353e14f414997e5a25a431c3bce9fc5478550b920eec7cb7b17fcb1c
- Size
- 22,685 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 08:38:48 UTC
- Prevo reference
- hdb-2022-12-22-tampines-plantation-launch
- AnnexPublished 22 December 2022
Annex 1, site details to HDB Launches Tender for Sale Sites at Tampines Avenue 11 and Plantation Close
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 6dfdb1b34cf71abf8e60739a8e2a9ad6b5db80c9657c64690f2056427c7a7a02
- Size
- 79,588 bytes
- Format
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- Retrieved at
- 2026-09-19 08:38:48 UTC
- Prevo reference
- hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf
- AnnexPublished 22 December 2022
Annex 2, location plans to HDB Launches Tender for Sale Sites at Tampines Avenue 11 and Plantation Close
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- dc03592d0aa0bbf38e8e29132b9846c7f1e95af1b2a7fff65ec23c01b2572c6e
- Size
- 928,246 bytes
- Format
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- Retrieved at
- 2026-09-19 08:38:48 UTC
- Prevo reference
- hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-2.pdf
- Press releasePublished 26 June 2023
Provisional Tender Results for Mixed Use Development Site at Tampines Avenue 11 and Particulars of Tenders Submitted for Executive Condominium Housing Development Site at Plantation Close
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- fe4b6005a3464b283cbe23beb04beeb7d258637a5c7dbbec3d49c1344ae0745f
- Size
- 21,684 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 09:24:06 UTC
- Prevo reference
- hdb-2023-06-26-tampines-ave-11-plantation-close-close
- AnnexPublished 26 June 2023
Annex 1, Tampines Avenue 11 provisional tender results to Provisional Tender Results for Mixed Use Development Site at Tampines Avenue 11 and Particulars of Tenders Submitted for Executive Condominium Housing Development Site at Plantation Close
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 42992d21382b1aab409101f87a4f1c30bc42321cefbf7b1c00b6f2b252a86d84
- Size
- 189,089 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 09:24:06 UTC
- Prevo reference
- hdb-2023-06-26-tampines-ave-11-plantation-close-close/27062023_PR_Annex1.pdf
- AnnexPublished 26 June 2023
Annex 2, Plantation Close particulars of tenders submitted to Provisional Tender Results for Mixed Use Development Site at Tampines Avenue 11 and Particulars of Tenders Submitted for Executive Condominium Housing Development Site at Plantation Close
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- d7aa9a22d8514771564be0fdf11fbecf793d56f8b34d3e8c5e06735933aedbe3
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- Retrieved at
- 2026-09-19 09:24:06 UTC
- Prevo reference
- hdb-2023-06-26-tampines-ave-11-plantation-close-close/27062023_PR_Annex2.pdf
- Press releasePublished 10 September 2023
Final Tender Results for Land Parcel at Plantation Close for Executive Condominium Housing Development
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 0441ac40b8e7df958aa7f33446c76fcaaaa87e1a9ffd4101d7e7316b32f55d12
- Size
- 20,971 bytes
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- text/html
- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2023-09-10-plantation-close-award
- Page capturePublished 10 September 2023
Browser capture of Final Tender Results for Land Parcel at Plantation Close 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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- 2026-09-19 07:25:28 UTC
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