Plantation Close (20,038.2 sqm parcel)
AwardedExecutive Condominium housing. HDB sale site.
S$423,380,000
S$7,545.94 psm GFA, about S$701 psf ppr (derived). Awarded 14 February 2024 to Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway Berhad
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Plantation Close (20,038.2 sqm parcel) | Executive Condominium housing | 20,038.2 m² | 56,107 m² | Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway Berhad | S$423,380,000(S$7,545.94) |
As listed at the close of 1 February 2024 (hdb-2024-01-31-plantation-close-close), with the outcome the award of 14 February 2024 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway Berhad | S$423,380,000 | S$7,545.94 | S$701 | Awarded |
| 2 | Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation) and CNQC Realty (Pioneer) Pte. Ltd. | S$416,888,888 | S$7,430.25 | S$690 | Unsuccessful |
| 3 | 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) | S$398,597,597 | S$7,104.24 | S$660 | Unsuccessful |
| 4 | CDL Polaris Properties Pte. Ltd., parent: City Developments Limited | S$383,800,000 | S$6,840.50 | S$636 | 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.
14 February 2024
AwardedFinal Tender Results for Land Parcel at Plantation Close for Executive Condominium Housing Development
The source page is dated 13 February 2024; the release text dates its action 14 February 2024. Both are kept as stated.
Awarded to
Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway Berhad, S$423,380,000 (S$7,545.94 psm GFA, about S$701 psf ppr).
Read the press releaseHide the press releasehdb-2024-02-13-plantation-close-award
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Plantation Closefor tender on 30 November 2023.
2 The details of the land parcel are as follows:
| Site Details | |
|---|---|
| Location | Plantation Close |
| Proposed Development | Executive Condominium Housing |
| Site Area | 20,038.2 sq m |
| Maximum GFA | 56,107 sq m |
| Maximum Building Height | 70-80m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 560* |
| 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 $423,380,000 on 14 February 2024. The details of the tender results can also be viewed here.
1 February 2024
Tender closedProvisional Tender Results for Land Parcel at Plantation Close for Executive Condominium Housing Development
The source page is dated 31 January 2024; the release text dates its action 1 February 2024. Both are kept as stated.
4 bids disclosed
Highest S$423,380,000 (S$7,545.94 psm GFA) from Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd., parent: Sunway Berhad
Read the press releaseHide the press releasehdb-2024-01-31-plantation-close-close
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Plantation Close for sale by public tender on 30 November 2023.
2 The details of the land parcel are as follows:
| Site Details | |
|---|---|
| Location | Plantation Close |
| Proposed Development | Executive Condominium Housing |
| Site Area | 20,038.2 sq m |
| Maximum GFA | 56,107 sq m |
| Maximum Building Height | 70-80m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 560* |
| Lease Term | 99 years |
| Project Completion Period | 60 months from the date of acceptance of tender |
*Actual number of housing units proposed by developer may vary.
3 The tender closed at 12pm today with 4 bids received. The details of the provisional tender results are below:
| S/N | Name of Tenderer | Tender Price ($) | $psm/GFA ($) |
|---|---|---|---|
| 1 | Hoi Hup Realty Pte Ltd and Sunway Developments Pte. Ltd. | $423,380,000.00 | $7,545.94 |
| 2 | Forsea Residence Pte. Ltd. and CNQC Realty (Pioneer) Pte. Ltd. | $416,888,888.00 | $7,430.25 |
| 3 | Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. | $398,597,597.00 | $7,104.24 |
| 4 | CDL Polaris Properties Pte. Ltd. | $383,800,000.00 | $6,840.50 |
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.
30 November 2023
Launched for tender, Confirmed ListHDB Launches Sale Sites at Plantation Close and Tampines Street 95
The source page is dated 29 November 2023; the release text dates its action 30 November 2023. Both are kept as stated.
Read the press releaseHide the press releasehdb-2023-11-29-plantation-close-tampines-95-release
The Housing & Development Board (HDB), as the Government’s land sales agent, has launched an Executive Condominium site at Plantation Close for sale by public tender today, under the Confirmed List of 2nd Half 2023 (2H2023) Government Land Sales (GLS) Programme.
2 In addition, HDB has made available an Executive Condominium site at Tampines Street 95 for application under the Reserve List of 2nd Half 2023 (2H2023) GLS Programme.
3 These two sites can potentially yield about 1,120 residential units. Details on the land parcels can be found in Annex 1.
Other Details 4 The tender for the site at Plantation Close will close at 12:00 noon on Thursday, 1 February 2024. The tender closing for this site will be batched together with the Residential with Commercial at 1st Storey site at Orchard Boulevard, which was launched for sale by URA on 17 October 2023.
Site facts
- Selling authority
- HDB
- Allowable development
- Executive Condominium housing
- Tenure
- 99 years
- Programme list
- Confirmed List (2H2023 programme), launched for tender[hdb-2023-11-29-plantation-close-tampines-95-release/30112023---Annex-1.pdf]
- Site area
- 20,038.2 sqm[hdb-2023-11-29-plantation-close-tampines-95-release/30112023---Annex-1.pdf]
- Maximum GFA
- 56,107 sqm[hdb-2023-11-29-plantation-close-tampines-95-release/30112023---Annex-1.pdf]
- Estimated housing units
- 560[hdb-2023-11-29-plantation-close-tampines-95-release/30112023---Annex-1.pdf]
- Height control
- 70-80m SHD[hdb-2023-11-29-plantation-close-tampines-95-release/30112023---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
- 30 November 2023
The market when bids closed
When bids closed on 1 February 2024, URA's latest quarterly figures were for 4Q2023, published 26 January 2024, 6 days earlier. The next release, 1Q2024, came on 26 April 2024. The table carries on through four releases after it.
| Private residential | 2Q2023Jul 2023 | 3Q2023Oct 2023 | On the day4Q2023Jan 2024 | 1Q2024Apr 2024 | 2Q2024Jul 2024 | 3Q2024Oct 2024 | 4Q2024Jan 2025 | Trend | Change4Q2023 to 4Q2024 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 194.4 | 196.0 | 201.5 | 204.3 | 206.1 | 204.7 | 209.4 | +3.9% | |
| Non-landed, core central region | 146.5 | 142.5 | 148.1 | 153.1 | 152.6 | 150.9 | 154.8 | +4.5% | |
| Private rental index | 163.2 | 164.5 | 161.0 | 157.9 | 156.6 | 157.9 | 157.9 | −1.9% | |
| Sales | |||||||||
| New homes sold by developers | 2,127 | 1,946 | 1,092 | 1,164 | 725 | 1,160 | 3,420 | +213.2% | |
| Resales | 2,976 | 2,900 | 2,831 | 2,689 | 3,802 | 3,860 | 3,702 | +30.8% | |
| Sub-sales | 285 | 355 | 411 | 377 | 388 | 352 | 311 | −24.3% | |
| Units launched | 2,374 | 2,805 | 1,060 | 1,304 | 634 | 1,284 | 3,425 | +223.1% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 17,484 | 16,747 | 16,929 | 19,936 | 19,940 | 19,405 | +14.6% | ||
| Pipeline with planning approval | 44,157 | 36,949 | 34,251 | 38,167 | 37,768 | 35,475 | 35,305 | +3.1% | |
| Vacancy rate | 6.3% | 8.4% | 8.1% | 6.8% | 6.1% | held | 6.6% | −1.5 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 29 November 2023
HDB Launches Sale Sites at Plantation Close and Tampines Street 95
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
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- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2023-11-29-plantation-close-tampines-95-release
- AnnexPublished 29 November 2023
Annex 1, site details to HDB Launches Sale Sites at Plantation Close and Tampines Street 95
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 88734cbaee61c7dce6fddbb00b6322aa29f4375011ec775f5a7c041dc0799650
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- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2023-11-29-plantation-close-tampines-95-release/30112023---Annex-1.pdf
- Page capturePublished 29 November 2023
Browser capture of HDB Launches Sale Sites at Plantation Close and Tampines Street 95, 2026-09-19
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
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- 2026-09-19 07:26:35 UTC
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- hdb-2023-11-29-plantation-close-tampines-95-release/screencapture-hdb-gov-sg-hdb-pulse-news-2023-hdb-launches-sale-sites-at-plantation-close-and-tampines-street-95-2026-09-19-15_26_35.pdf
- Press releasePublished 31 January 2024
Provisional 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
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- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2024-01-31-plantation-close-close
- Page capturePublished 31 January 2024
Browser capture of Provisional 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
- 6c444ac8b3c6b7fd6d27f2fbb7ecd10d1af80d67b7e10c5513b33c93aab1a39f
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- Press releasePublished 13 February 2024
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
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- Size
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- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2024-02-13-plantation-close-award
- Page capturePublished 13 February 2024
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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- Retrieved at
- 2026-09-19 07:40:47 UTC
- Prevo reference
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