[ Land sales ]

Pasir Ris Central

Awarded

Commercial. HDB sale site, built as Whitesands.

[ Award ]

S$41,888,888

S$2,153.67 psm GFA (derived: the source published the price and no rate). Awarded 2 February 1993 to OCBC Properties Pte Ltd, parent: Oversea-Chinese Banking Corporation Limited.

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Pasir Ris CentralCommercial6,275 m²19,450 m²OCBC Properties Pte Ltd, parent: Oversea-Chinese Banking Corporation LimitedS$41,888,888(S$2,153.67, derived)
[ All 5 tenderers ]

As listed at the close of 23 October 1992 (hdb-list-pasir-ris-p1-close), with the outcome the award of 2 February 1993 gave each.

RankTendererTendered priceOutcome
1OCBC Properties Pte Ltd, parent: Oversea-Chinese Banking Corporation LimitedS$41,888,888Awarded
2City Developments LtdS$37,200,000Unsuccessful
3Hiap Hoe Holdings Pte LtdS$37,200,000Unsuccessful
4Park Court Pte Ltd / Keck Seng Investments (HK) LtdS$34,680,000Unsuccessful
5Emerald Holdings Pte Ltd / NTUC Fairprice Co-Operative Ltd, parent: NTUC Enterprise Co-operative LimitedS$21,080,000Unsuccessful

Press releases, latest first

Each card is one release on its own date, with its text folded beneath. The latest is first and open.

2 February 1993

Awarded

Pasir Ris P1, Pasir Ris Central: awarded to OCBC Properties Pte 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

OCBC Properties Pte Ltd, parent: Oversea-Chinese Banking Corporation Limited, S$41,888,888 (S$2,153.67 psm GFA, derived: the source published the price and not the rate).

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

23 October 1992

Tender closed

Pasir Ris P1, Pasir Ris Central: tender closed with 5 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.

5 bids disclosed

Highest S$41,888,888 from OCBC Properties Pte Ltd, parent: Oversea-Chinese Banking Corporation Limited.

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

28 August 1992

Launched for tender

Pasir Ris P1, Pasir Ris Central: 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
Whitesands[hdb-list-commercial-sites-sold]
Site area
6,275 sqm[hdb-list-commercial-sites-sold]
Maximum GFA
19,450 sqm[hdb-list-commercial-sites-sold]
Facts as stated on
28 August 1992

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