Choa Chu Kang Dr / Choa Chu Kang Loop

Awarded

Apartment. HDB sale site, built as NORTHVALE.

[ Award ]

S$261,300,000

Awarded 9 December 1994 to Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land).

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Choa Chu Kang Dr / Choa Chu Kang Loop	Apartment	37,265 m²	Not stated	Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land)	S$261,300,000

[ All 8 tenderers ]

As listed at the close of 27 October 1994 (hdb-list-choa-chu-kang-s4-close), with the outcome the award of 9 December 1994 gave each.

Rank	Tenderer	Tendered price	Outcome
1	Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land)	S$261,300,000	Awarded
2	DBS Realty (Pte) Ltd, parent: DBS Group Holdings Ltd & Far East Organization Centre Pte Ltd, parent: Far East Organization	S$232,888,889	Unsuccessful
3	Hong Leong Holdings Ltd / Park Court Pte Ltd	S$218,000,000	Unsuccessful
4	City Development Ltd, parent: City Developments Limited	S$203,000,000	Unsuccessful
5	Winswift Investment Pte Ltd / Grandwin Investment Pte Ltd, parent: Wing Tai Holdings Limited	S$196,310,000	Unsuccessful
6	Singapore United Estates Pte Ltd	S$190,600,000	Unsuccessful
7	First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited)	S$179,700,000	Unsuccessful
8	Allgreen Properties Ltd / Hoe Seng Co (Pte) Ltd	S$142,800,000	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.

9 December 1994

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

Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land), S$261,300,000.

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

27 October 1994

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.

8 bids disclosed

Highest S$261,300,000 from Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land).

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

26 August 1994

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: Apartment
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: Northvale[hdb-list-condo-sites-sold]
Site area: 37,265 sqm[hdb-list-condo-sites-sold]
Tender conditions: Development type (list code): AP
Permissible gross plot ratio: 2.5
Facts as stated on: 26 August 1994