[ Land sales ]

Tampines Avenue 11

Awarded

Mixed commercial and residential, integrated with a bus interchange, community club and hawker centre. HDB sale site.

[ Award ]

S$1,206,390,880

S$9,521.63 psm GFA, about S$885 psf ppr (derived). Awarded 11 July 2023 to Topaz Residential Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture) and Topaz Commercial Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture)

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Tampines Avenue 11Mixed commercial and residential, integrated with a bus interchange, community club and hawker centre50,679.7 m²126,700 m²Topaz Residential Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture) and Topaz Commercial Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture)S$1,206,390,880(S$9,521.63)
[ All 3 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 July 2023 gave each.

RankTendererTendered priceS$ psm GFAS$ psf ppr (derived)Outcome
1Topaz Residential Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture) and Topaz Commercial Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture)S$1,206,390,880S$9,521.63S$885Awarded
2Pine II Commercial Pte. Ltd. and Pine II Residential Pte. Ltd.S$1,058,999,999.99S$8,358.33S$777Unsuccessful
3Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited & Sim Lian Development Pte Ltd, parent: Sim Lian Group LimitedS$909,090,909S$7,175.15S$667Unsuccessful

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 July 2023

Awarded

Final Tender Results For Land Parcel at Tampines Avenue 11 for Mixed Use Development

The source page is dated 10 July 2023; the release text dates its action 11 July 2023. Both are kept as stated.

Awarded to

Topaz Residential Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture) and Topaz Commercial Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture), S$1,206,390,880 (S$9,521.63 psm GFA, about S$885 psf ppr).

Read the press releasehdb-2023-07-10-tampines-ave-11-award

The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Tampines Avenue 11 for tender on 23 December 2022.

2 The details of the land parcel are as follows:

Site Details
LocationTampines Avenue 11
Proposed DevelopmentMixed Use Development (Commercial and Residential, integrated with Bus Interchange, Community Club and Hawker Centre)
Site Area50,679.7 sq m
Maximum GFA126,700 sq m
Maximum Building Height64m Singapore Height Datum (SHD)
Estimated No. of Housing Units1,190*
Lease Term99 years
Project Completion Period84 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 Topaz Residential Pte. Ltd. and Topaz Commercial Pte. Ltd. at the tender price of $1,206,390,880.00 on 11 July 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.

3 bids disclosed

Highest S$1,206,390,880 (S$9,521.63 psm GFA) from Topaz Residential Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture) and Topaz Commercial Pte. Ltd., parent: CapitaLand Development / UOL Group Limited / Singapore Land Group Limited (joint venture)

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
Mixed commercial and residential, integrated with a bus interchange, community club and hawker centre
Tenure
99 years
Programme list
Confirmed List (2H2022 programme), launched for tender[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
Site area
50,679.7 sqmSubject to cadastral survey, as the annex states.[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
Maximum GFA
126,700 sqm[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
Estimated housing units
1,190[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
Height control
64m SHD[hdb-2022-12-22-tampines-plantation-launch/23122022-Annex-1.pdf]
Tender conditions
  • Integrated uses: Mixed commercial and residential development integrated with a bus interchange, a community club and a hawker centre
  • Project completion period: 84 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
23 December 2022

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

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    Technical details
    SHA-256
    5c50ae8c353e14f414997e5a25a431c3bce9fc5478550b920eec7cb7b17fcb1c
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    22,685 bytes
    Format
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    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

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    6dfdb1b34cf71abf8e60739a8e2a9ad6b5db80c9657c64690f2056427c7a7a02
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    Retrieved at
    2026-09-19 08:38:48 UTC
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    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

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    dc03592d0aa0bbf38e8e29132b9846c7f1e95af1b2a7fff65ec23c01b2572c6e
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    928,246 bytes
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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
  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

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    fe4b6005a3464b283cbe23beb04beeb7d258637a5c7dbbec3d49c1344ae0745f
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    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

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    42992d21382b1aab409101f87a4f1c30bc42321cefbf7b1c00b6f2b252a86d84
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    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

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    d7aa9a22d8514771564be0fdf11fbecf793d56f8b34d3e8c5e06735933aedbe3
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    hdb-2023-06-26-tampines-ave-11-plantation-close-close/27062023_PR_Annex2.pdf
  7. Press releasePublished 10 July 2023

    Final Tender Results For Land Parcel at Tampines Avenue 11 for Mixed Use Development

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Open original source

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    3d5e3d0186a90e8e1872b2ab5c84d51ecbfe2f074ee937768c02127c0210257d
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  8. Page capturePublished 10 July 2023

    Browser capture of Final Tender Results For Land Parcel at Tampines Avenue 11 for Mixed Use Development, 2026-09-19

    Housing & Development Board · Retrieved 19 September 2026

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    71a03fb27506e6040f22a31a8d921b414063d0373037a39fbee71267982c2d90
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    Retrieved at
    2026-09-19 07:21:51 UTC
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    hdb-2023-07-10-tampines-ave-11-award/screencapture-hdb-gov-sg-hdb-pulse-news-2023-final-tender-results-for-land-parcel-at-tampines-avenue-11-for-mixed-use-development-2026-09-19-15_21_51.pdf