[ Land sales ]

Plantation Close

Awarded

Executive Condominium housing. HDB sale site.

[ Award ]

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.

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Plantation CloseExecutive Condominium housing16,441.2 m²46,036 m²Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd, parent: Sunway BerhadS$348,500,000(S$7,570.16, derived)
[ All 9 tenderers ]

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/NTendererAlternative proposalTendered priceOutcome
1CDL Stellar Pte. Ltd., parent: City Developments LimitedNot priced at the closeUnsuccessful
2CNQC-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.SubmittedNot priced at the closeUnsuccessful
3EVIA Real Estate (11) Pte Ltd, Apex Asia PT-EC Pte Ltd, AFP Land Limited and FRX Development 1 Pte LtdNot priced at the closeUnsuccessful
4Frasers Property Agate Pte. Ltd. and Sekisui House, Ltd.Not priced at the closeUnsuccessful
5Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd, parent: Sunway BerhadSubmittedS$348,500,000Awarded
6Kingsford 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 closeUnsuccessful
7Intrepid 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 closeUnsuccessful
8Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group LimitedNot priced at the closeUnsuccessful
9Tanglin Land Pte. Ltd.Not priced at the closeUnsuccessful

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

Awarded

Final 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 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
LocationPlantation Close
Proposed DevelopmentExecutive Condominium Housing
Site Area16,441.2 sq m
Maximum GFA46,036 sq m
Maximum Building Height70m to 80m 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 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 closed

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

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 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 List

HDB 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 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.

RankTendererAlternative proposalTendered priceOutcome
1Hoi 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.SubmittedS$348,500,000Awarded
2Hoi 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$328,300,000Unsuccessful
3Frasers 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$315,188,888Unsuccessful
4Tanglin 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$315,000,888Unsuccessful
5CNQC-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$312,300,000Unsuccessful
6EVIA 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$310,688,999Unsuccessful
7Sim 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$303,030,303Unsuccessful
8CDL 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$297,818,888Unsuccessful
9Intrepid 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$284,930,615Unsuccessful

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 residential3Q2022Oct 20224Q2022Jan 2023On the day1Q2023Apr 20232Q2023Jul 20233Q2023Oct 20234Q2023Jan 20241Q2024Apr 2024TrendChange1Q2023 to 1Q2024
Prices
Private home price index187.8188.6194.8194.4196.0201.5204.3+4.9%
Non-landed, core central region144.4145.4146.6146.5142.5148.1153.1+4.4%
Private rental index137.9148.1158.8163.2164.5161.0157.9−0.6%
Sales
New homes sold by developers2,1876901,2562,1271,9461,0921,164−7.3%
Resales3,7192,6942,6222,9762,9002,8312,689+2.6%
Sub-sales242204243285355411377+55.1%
Units launched1,4555041,3122,3742,8051,0601,304−0.6%
Supply
Unsold, uncompleted, with planning approval15,67716,02416,25217,48416,74716,92919,936+22.7%
Pipeline with planning approval49,38446,04144,84644,15736,94934,25138,167−14.9%
Vacancy rate5.7%5.5%6.0%6.3%8.4%8.1%6.8%+0.8 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 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-backed

    Open original source

    Technical 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
  2. 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-backed

    Open original source

    Technical details
    SHA-256
    6dfdb1b34cf71abf8e60739a8e2a9ad6b5db80c9657c64690f2056427c7a7a02
    Size
    79,588 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 08:38:48 UTC
    Prevo reference
    hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf
  3. 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-backed

    Open original source

    Technical details
    SHA-256
    dc03592d0aa0bbf38e8e29132b9846c7f1e95af1b2a7fff65ec23c01b2572c6e
    Size
    928,246 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 08:38:48 UTC
    Prevo reference
    hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-2.pdf
  4. 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-backed

    Open original source

    Technical 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
  5. 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-backed

    Open original source

    Technical 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
  6. 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-backed

    Open original source

    Technical details
    SHA-256
    d7aa9a22d8514771564be0fdf11fbecf793d56f8b34d3e8c5e06735933aedbe3
    Size
    264,874 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_Annex2.pdf
  7. 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-backed

    Open original source

    Technical details
    SHA-256
    0441ac40b8e7df958aa7f33446c76fcaaaa87e1a9ffd4101d7e7316b32f55d12
    Size
    20,971 bytes
    Format
    text/html
    Retrieved at
    2026-09-19 09:24:07 UTC
    Prevo reference
    hdb-2023-09-10-plantation-close-award
  8. 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-backed

    Open original source

    Technical details
    SHA-256
    6eeebe3ceed3814c05dd1ba307c846a380d4f94e96824395d1b8bd58287f7839
    Size
    917,459 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 07:25:28 UTC
    Prevo reference
    hdb-2023-09-10-plantation-close-award/screencapture-hdb-gov-sg-hdb-pulse-news-2023-final-tender-results-for-land-parcel-at-plantation-close-2026-09-19-15_25_28.pdf