[ Land sales ]

Tiong Bahru Rd

Awarded

Commercial. HDB sale site, built as Tiong Bahru Plaza.

[ Award ]

S$74,808,828

S$1,651.41 psm GFA (derived: the source published the price and no rate). Awarded 14 June 1991 to United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited).

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Tiong Bahru RdCommercial15,274.5 m²45,300 m²United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited)S$74,808,828(S$1,651.41, derived)
[ All 3 tenderers ]

As listed at the close of 24 April 1991 (hdb-list-bt-merah-p1-close), with the outcome the award of 14 June 1991 gave each.

RankTendererTendered priceOutcome
1United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited)S$74,808,828Awarded
2Hong Leong Holdings LtdS$38,000,000Unsuccessful
3Frist Capital Corporation LtdS$30,420,000Unsuccessful

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 June 1991

Awarded

Bt Merah P1, Tiong Bahru Rd: awarded to United Overseas Land Ltd, as HDB's list of commercial sites sold dates it

Dated as the agency’s list of sites sold prints it (List of Commercial Sites). The list is the source; no release of this date is on record.

Awarded to

United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited), S$74,808,828 (S$1,651.41 psm GFA, derived: the source published the price and not the rate).

Source: List of Commercial Sites (Prevo reference hdb-list-commercial-sites-sold)

24 April 1991

Tender closed

Bt Merah P1, Tiong Bahru Rd: tender closed with 3 priced bids, as HDB's list of commercial sites sold dates it

Dated as the agency’s list of sites sold prints it (List of Commercial Sites). The list is the source; no release of this date is on record.

3 bids disclosed

Highest S$74,808,828 from United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited).

Source: List of Commercial Sites (Prevo reference hdb-list-commercial-sites-sold)

27 February 1991

Launched for tender

Bt Merah P1, Tiong Bahru Rd: launched for tender, as HDB's list of commercial sites sold dates it

Dated as the agency’s list of sites sold prints it (List of Commercial Sites). The list is the source; no release of this date is on record.

Source: List of Commercial Sites (Prevo reference hdb-list-commercial-sites-sold)

Site facts

Selling authority
HDB
Allowable development
Commercial
Tenure
99 years
Programme list
None stated; sold by tender, as hdb's list records itKnown from HDB’s list of sites sold, which does not say whether the parcel was on a Government Land Sales list. No list is inferred.[hdb-list-commercial-sites-sold]
Project
Tiong Bahru Plaza[hdb-list-commercial-sites-sold]
Site area
15,274.5 sqm[hdb-list-commercial-sites-sold]
Maximum GFA
45,300 sqm[hdb-list-commercial-sites-sold]
Facts as stated on
27 February 1991

Sources

  1. Agency listPublication date not recorded

    List of Commercial Sites

    Housing & Development Board · Retrieved 19 September 2026

    Source fact · Source-backed

    Original source link unavailable

    Technical details
    SHA-256
    d5c8a44e93a5ddaa13607ce2a54af17c75e5086b4cca1b397dd92eb071680ddc
    Size
    299,963 bytes
    Format
    application/pdf
    Retrieved at
    2026-09-19 11:00:06 UTC
    Prevo reference
    hdb-list-commercial-sites-sold