Yishun Ave 1 / St 81

Awarded

Condominium or Flats. HDB sale site, built as Orchid Park.

[ Award ]

S$85,890,000

Awarded 14 June 1991 to Far East Organisation Centre Pte Ltd, parent: Far East Organization.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Yishun Ave 1 / St 81	Condominium or Flats	38,228.3 m²	Not stated	Far East Organisation Centre Pte Ltd, parent: Far East Organization	S$85,890,000

[ All 10 tenderers ]

As listed at the close of 24 April 1991 (hdb-list-yishun-s1-close), with the outcome the award of 14 June 1991 gave each.

Rank	Tenderer	Tendered price	Outcome
1	Far East Organisation Centre Pte Ltd, parent: Far East Organization	S$85,890,000	Awarded
2	Tuan Huat Development Pte Ltd and Liang Court Holdings Pte Ltd	S$45,890,000	Unsuccessful
3	Park Court Pte Ltd	S$35,000,000	Unsuccessful
4	Primular Investments Pte Ltd	S$32,800,000	Unsuccessful
5	Panasia Property Pte Ltd	S$32,000,000	Unsuccessful
6	Goldhill Orchard Land Pte Ltd	S$28,392,770	Unsuccessful
7	Wing Tai Holdings Ltd	S$27,988,000	Unsuccessful
8	DBS Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land)	S$19,751,470	Unsuccessful
9	First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited)	S$18,519,700	Unsuccessful
10	City Development Ltd, parent: City Developments Limited	S$17,100,000	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 June 1991

Awarded

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

Awarded to

Far East Organisation Centre Pte Ltd, parent: Far East Organization, S$85,890,000.

Source: List of Residential Sites (Prevo reference hdb-list-condo-sites-sold)

24 April 1991

Tender closed

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

10 bids disclosed

Highest S$85,890,000 from Far East Organisation Centre Pte Ltd, parent: Far East Organization.

Source: List of Residential Sites (Prevo reference hdb-list-condo-sites-sold)

27 February 1991

Launched for tender

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

Source: List of Residential Sites (Prevo reference hdb-list-condo-sites-sold)

Selling authority: HDB
Allowable development: Condominium or Flats
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-condo-sites-sold]
Project: Orchid Park[hdb-list-condo-sites-sold]
Site area: 38,228.3 sqm[hdb-list-condo-sites-sold]
Tender conditions: Development type (list code): CO
Permissible gross plot ratio: 2
Facts as stated on: 27 February 1991