[ Land sales ]

Bt Panjang Rd

Awarded

Commercial. HDB sale site, built as Bukit Panjang Plaza.

[ Award ]

S$48,300,000

S$2,415.00 psm GFA (derived: the source published the price and no rate). Awarded 19 August 1994 to Superbowl Jurong Pte Ltd.

LocationAllowable developmentSite areaMaximum permissible GFASuccessful tendererTendered price (S$ psm of GFA)
Bt Panjang RdCommercial11,500 m²20,000 m²Superbowl Jurong Pte LtdS$48,300,000(S$2,415.00, derived)
[ All 5 tenderers ]

As listed at the close of 28 April 1994 (hdb-list-bt-panjang-p1-close), with the outcome the award of 19 August 1994 gave each.

RankTendererTendered priceOutcome
1Superbowl Jurong Pte LtdS$48,300,000Awarded
2Heeton Development Pte Ltd, parent: Heeton Holdings Limited / Strike Electrical Pte LtdS$41,249,000Unsuccessful
3First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited)S$32,184,000Unsuccessful
4Interpex Services Pte Ltd / Midway Holdings (Pte) LtdS$26,506,000Unsuccessful
5NTUC Income Insurance Co-Operative Ltd, parent: Income Insurance Limited (corporatised successor)S$25,118,881Unsuccessful

Press releases, latest first

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

19 August 1994

Awarded

Bt Panjang P1, Bt Panjang Rd: awarded to Superbowl Jurong 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

Superbowl Jurong Pte Ltd, S$48,300,000 (S$2,415.00 psm GFA, derived: the source published the price and not the rate).

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

28 April 1994

Tender closed

Bt Panjang P1, Bt Panjang Rd: 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$48,300,000 from Superbowl Jurong Pte Ltd.

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

25 February 1994

Launched for tender

Bt Panjang P1, Bt Panjang 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
Bukit Panjang Plaza[hdb-list-commercial-sites-sold]
Site area
11,500 sqm[hdb-list-commercial-sites-sold]
Maximum GFA
20,000 sqm[hdb-list-commercial-sites-sold]
Facts as stated on
25 February 1994

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