Jalan Loyang Besar
AwardedExecutive Condominium housing. HDB sale site.
S$557,000,000
S$7,843.52 psm GFA, about S$729 psf ppr (derived). Awarded 16 August 2024 to CNQC Realty (Progressive) Pte. Ltd., parent: Qingjian Realty (South Pacific) Group Pte. Ltd. / Qingjian Group Co., Ltd., Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation) and ZACD Laserblue Pte. Ltd., parent: ZACD Group Ltd.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Jalan Loyang Besar | Executive Condominium housing | 28,405.5 m² | 71,014 m² | CNQC Realty (Progressive) Pte. Ltd., parent: Qingjian Realty (South Pacific) Group Pte. Ltd. / Qingjian Group Co., Ltd., Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation) and ZACD Laserblue Pte. Ltd., parent: ZACD Group Ltd. | S$557,000,000(S$7,843.52) |
As listed at the close of 1 August 2024 (hdb-2024-07-31-jalan-loyang-besar-close), with the outcome the award of 16 August 2024 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | CNQC Realty (Progressive) Pte. Ltd., parent: Qingjian Realty (South Pacific) Group Pte. Ltd. / Qingjian Group Co., Ltd., Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation) and ZACD Laserblue Pte. Ltd., parent: ZACD Group Ltd. | S$557,000,000 | S$7,843.52 | S$729 | Awarded |
| 2 | Aster Residential Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. | S$538,888,888 | S$7,588.49 | S$705 | Unsuccessful |
| 3 | Sim Lian Land Pte Ltd, parent: Sim Lian Group Limited and Sim Lian Development Pte Ltd, parent: Sim Lian Group Limited | S$460,858,100 | S$6,489.68 | S$603 | Unsuccessful |
| 4 | Intrepid Investments Pte. Ltd., parent: Hong Leong Holdings Limited and Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd. | S$435,704,977 | S$6,135.48 | S$570 | 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.
16 August 2024
AwardedFinal Tender Result for Land Parcel at Jalan Loyang Besar for Executive Condominium Housing Development
The source page is dated 15 August 2024; the release text dates its action 16 August 2024. Both are kept as stated.
Awarded to
CNQC Realty (Progressive) Pte. Ltd., parent: Qingjian Realty (South Pacific) Group Pte. Ltd. / Qingjian Group Co., Ltd., Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation) and ZACD Laserblue Pte. Ltd., parent: ZACD Group Ltd., S$557,000,000 (S$7,843.52 psm GFA, about S$729 psf ppr).
Read the press releaseHide the press releasehdb-2024-08-15-jalan-loyang-besar-award
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Jalan Loyang Besarfor tender on 16 May 2024.
2 The details of the land parcel are as follows:
| Site Details | |
|---|---|
| Location | Jalan Loyang Besar |
| Proposed Development | Executive Condominium Housing |
| Site Area | 28,405.5sq m |
| Maximum GFA | 71,014 sq m |
| Maximum Building Height | 49m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 710* |
| 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 CNQC Realty (Progressive) Pte. Ltd., Forsea Residence Pte. Ltd. and ZACD Laserblue Pte. Ltd. at the tender price of $557,000,000on 16 August 2024. The details of the tender result can also be viewed here.
1 August 2024
Tender closedProvisional Tender Results for Land Parcel at Jalan Loyang Besar for Executive Condominium Housing Development
The source page is dated 31 July 2024; the release text dates its action 1 August 2024. Both are kept as stated.
4 bids disclosed
Highest S$557,000,000 (S$7,843.52 psm GFA) from CNQC Realty (Progressive) Pte. Ltd., parent: Qingjian Realty (South Pacific) Group Pte. Ltd. / Qingjian Group Co., Ltd., Forsea Residence Pte. Ltd., parent: Soilbuild Group Holdings Ltd / Yanlord Land Group Limited / United Engineers Limited interests (exact shareholding requires registry confirmation) and ZACD Laserblue Pte. Ltd., parent: ZACD Group Ltd.
Read the press releaseHide the press releasehdb-2024-07-31-jalan-loyang-besar-close
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Jalan Loyang Besar for sale by public tender on 16 May 2024.
2 The details of the land parcel are as follows:
| Site Details | |
|---|---|
| Location | Jalan Loyang Besar |
| Proposed Development | Executive Condominium Housing |
| Site Area | 28,405.5 sq m |
| Maximum GFA | 71,014 sq m |
| Maximum Building Height | 49m Singapore Height Datum (SHD) |
| Estimated No. of Housing Units | 710* |
| Lease Term | 99 years |
| Project Completion Period | 60 months from the date of acceptance of tender |
*Actual number of housing units proposed by developer may vary.
3 The tender closed at 12pm today with 4bids received. The details of the provisional tender results are below:
| S/N | Name of Tenderer | Tender Price ($) | $psm/GFA ($) |
|---|---|---|---|
| 1 | CNQC Realty (Progressive) Pte. Ltd., Forsea Residence Pte. Ltd. and ZACD Laserblue Pte. Ltd. | $557,000,000.00 | $7,843.52 |
| 2 | Aster Residential Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd. | $538,888,888.00 | $7,588.49 |
| 3 | Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd | $460,858,100.00 | $6,489.68 |
| 4 | Intrepid Investments Pte. Ltd. and Garden Estates (Pte.) Limited | $435,704,977.00 | $6,135.48 |
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.
16 May 2024
Launched for tender, Confirmed ListHDB Launches Tender for Executive Condominium Site at Jalan Loyang Besar
The source page is dated 15 May 2024; the release text dates its action 16 May 2024. Both are kept as stated.
Read the press releaseHide the press releasehdb-2024-05-15-jalan-loyang-besar-launch
The Housing & Development Board (HDB), as the Government’s land sales agent, has launched an Executive Condominium site at Jalan Loyang Besar for sale by public tender today, under the Confirmed List of 1st Half 2024 (1H2024) Government Land Sales (GLS) Programme.
2 The site can potentially yield about 710 residential units. Details on the land parcel can be found in Annex 1.
Other Details
3 The tender for the sale site at Jalan Loyang Besar will close at 12:00 noon on Thursday, 1 August 2024. The tender closing for this site will be batched together with the residential site at Margaret Drive which will be launched for sale by URA in May 2024.
Site facts
- Selling authority
- HDB
- Allowable development
- Executive Condominium housing
- Tenure
- 99 years
- Programme list
- Confirmed List (1H2024 programme), launched for tender[hdb-2024-05-15-jalan-loyang-besar-launch/16052024---Annex.pdf]
- Site area
- 28,405.5 sqmSubject to cadastral survey, as the annex states.[hdb-2024-05-15-jalan-loyang-besar-launch/16052024---Annex.pdf]
- Maximum GFA
- 71,014 sqm[hdb-2024-05-15-jalan-loyang-besar-launch/16052024---Annex.pdf]
- Estimated housing units
- 710[hdb-2024-05-15-jalan-loyang-besar-launch/16052024---Annex.pdf]
- Height control
- 49m SHD[hdb-2024-05-15-jalan-loyang-besar-launch/16052024---Annex.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
- 16 May 2024
The market when bids closed
When bids closed on 1 August 2024, URA's latest quarterly figures were for 2Q2024, published 26 July 2024, 6 days earlier. The next release, 3Q2024, came on 25 October 2024. The table carries on through four releases after it.
| Private residential | 4Q2023Jan 2024 | 1Q2024Apr 2024 | On the day2Q2024Jul 2024 | 3Q2024Oct 2024 | 4Q2024Jan 2025 | 1Q2025Apr 2025 | 2Q2025Jul 2025 | Trend | Change2Q2024 to 2Q2025 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 201.5 | 204.3 | 206.1 | 204.7 | 209.4 | 211.1 | 213.2 | +3.4% | |
| Non-landed, core central region | 148.1 | 153.1 | 152.6 | 150.9 | 154.8 | 156.0 | 160.7 | +5.3% | |
| Private rental index | 161.0 | 157.9 | 156.6 | 157.9 | 157.9 | 158.5 | 159.8 | +2.0% | |
| Sales | |||||||||
| New homes sold by developers | 1,092 | 1,164 | 725 | 1,160 | 3,420 | 3,375 | 1,212 | +67.2% | |
| Resales | 2,831 | 2,689 | 3,802 | 3,860 | 3,702 | 3,565 | 3,647 | −4.1% | |
| Sub-sales | 411 | 377 | 388 | 352 | 311 | 321 | 269 | −30.7% | |
| Units launched | 1,060 | 1,304 | 634 | 1,284 | 3,425 | 3,139 | 1,520 | +139.7% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 16,929 | 19,936 | 19,940 | 19,405 | 18,125 | 18,498 | n/a | ||
| Pipeline with planning approval | 34,251 | 38,167 | 37,768 | 35,475 | 35,305 | 35,364 | 36,663 | −2.9% | |
| Vacancy rate | 8.1% | 6.8% | 6.1% | held | 6.6% | 6.5% | held | n/a | |
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 15 May 2024
HDB Launches Tender for Executive Condominium Site at Jalan Loyang Besar
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 9351bb46be8d080c3b79e855ae4b7c8c32e75476837ad9eb9c7cb9fcfdad35af
- Size
- 19,480 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2024-05-15-jalan-loyang-besar-launch
- AnnexPublished 15 May 2024
Annex 1, site details to HDB Launches Tender for Executive Condominium Site at Jalan Loyang Besar
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 1477f44c83f830993d87e151b1b479bfa9632eec3bb1b969338dd01675be9bee
- Size
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- Format
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- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2024-05-15-jalan-loyang-besar-launch/16052024---Annex.pdf
- Press releasePublished 31 July 2024
Provisional Tender Results for Land Parcel at Jalan Loyang Besar for Executive Condominium Housing Development
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 3338bcd753b21ea337dfc10c1dee9dcb66309b9c4d6521a0fd8ea93b6ae05a76
- Size
- 23,502 bytes
- Format
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- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2024-07-31-jalan-loyang-besar-close
- Page capturePublished 31 July 2024
Browser capture of Provisional Tender Results for Land Parcel at Jalan Loyang Besar for Executive Condominium Housing Development, 2026-09-19
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- ab9e5cf7e825ba586a88ea81e1bcba6a3d6617d64821be189fc931f720f210fb
- Size
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- Retrieved at
- 2026-09-19 07:44:30 UTC
- Prevo reference
- hdb-2024-07-31-jalan-loyang-besar-close/screencapture-hdb-gov-sg-hdb-pulse-news-2024-provisional-tender-results-for-land-parcel-2026-09-19-15_44_30.pdf
- Press releasePublished 15 August 2024
Final Tender Result for Land Parcel at Jalan Loyang Besar for Executive Condominium Housing Development
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 3dc915bbba726b441d41303349bb6355633c96c222e4757d5de72503f978dacc
- Size
- 21,933 bytes
- Format
- text/html
- Retrieved at
- 2026-09-19 09:24:07 UTC
- Prevo reference
- hdb-2024-08-15-jalan-loyang-besar-award
- Page capturePublished 15 August 2024
Browser capture of Final Tender Result for Land Parcel at Jalan Loyang Besar for Executive Condominium Housing Development, 2026-09-19
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 38a6824fcb899065e0461ac375e427152174649bb537113dcfa9c8ff6e5d1e15
- Size
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- Format
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- Retrieved at
- 2026-09-19 07:44:52 UTC
- Prevo reference
- hdb-2024-08-15-jalan-loyang-besar-award/screencapture-hdb-gov-sg-hdb-pulse-news-2024-final-tender-result-for-land-parcel-at-jalan-loyang-besar-for-ec-housing-development-2026-09-19-15_44_52.pdf