Lor 1 Toa Payoh
AwardedApartment. HDB sale site, built as OLEANDER TOWERS.
S$132,500,000
Awarded 9 December 1994 to Wingem Investment Pte Ltd, parent: Wing Tai Holdings Limited / Winprime Investment Pte Ltd, parent: Wing Tai Holdings Limited.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Lor 1 Toa Payoh | Apartment | 13,025.6 m² | Not stated | Wingem Investment Pte Ltd, parent: Wing Tai Holdings Limited / Winprime Investment Pte Ltd, parent: Wing Tai Holdings Limited | S$132,500,000 |
As listed at the close of 27 October 1994 (hdb-list-toa-payoh-s2-close), with the outcome the award of 9 December 1994 gave each.
| Rank | Tenderer | Tendered price | Outcome |
|---|---|---|---|
| 1 | Wingem Investment Pte Ltd, parent: Wing Tai Holdings Limited / Winprime Investment Pte Ltd, parent: Wing Tai Holdings Limited | S$132,500,000 | Awarded |
| 2 | SSL Properties Pte Ltd, parent: Straits Steamship Land (Keppel Group property arm; later Keppel Land Limited) | S$131,100,000 | Unsuccessful |
| 3 | City Development Ltd, parent: City Developments Limited | S$125,300,000 | Unsuccessful |
| 4 | Far East Organization Centre Pte Ltd, parent: Far East Organization | S$122,190,000 | Unsuccessful |
| 5 | DBS Realty (Pte) Ltd, parent: DBS Group Holdings Ltd | S$116,999,999 | Unsuccessful |
| 6 | Park Court Pte Ltd & Hong Leong Holdings Ltd | S$113,998,880 | Unsuccessful |
| 7 | Goldvein Pte Ltd, parent: Bonvests Holdings Limited | S$106,328,168 | Unsuccessful |
| 8 | Allgreen Properties Ltd / Hoe Seng Co Pte Ltd, parent: Hoe Seng Co (Pte) Ltd | S$100,800,000 | Unsuccessful |
| 9 | First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited) | S$85,255,000 | 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
AwardedToa Payoh S2, Lor 1 Toa Payoh: awarded to Wingem Investment Pte Ltd / Winprime Investment Pte Ltd, as HDB's list of condominium sites sold dates it
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
Wingem Investment Pte Ltd, parent: Wing Tai Holdings Limited / Winprime Investment Pte Ltd, parent: Wing Tai Holdings Limited, S$132,500,000.
Source: List of Residential Sites (Prevo reference hdb-list-condo-sites-sold)
27 October 1994
Tender closedToa Payoh S2, Lor 1 Toa Payoh: tender closed with 9 priced bids, as HDB's list of condominium sites sold dates it
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.
9 bids disclosed
Highest S$132,500,000 from Wingem Investment Pte Ltd, parent: Wing Tai Holdings Limited / Winprime Investment Pte Ltd, parent: Wing Tai Holdings Limited.
Source: List of Residential Sites (Prevo reference hdb-list-condo-sites-sold)
26 August 1994
Launched for tenderToa Payoh S2, Lor 1 Toa Payoh: launched for tender, as HDB's list of condominium sites sold dates it
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)
Site facts
- 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
- Oleander Towers[hdb-list-condo-sites-sold]
- Site area
- 13,025.6 sqm[hdb-list-condo-sites-sold]
- Tender conditions
- Development type (list code): AP
- Permissible gross plot ratio: 2.8
- Facts as stated on
- 26 August 1994
Sources
- Agency listPublication date not recorded
List of Residential Sites
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedOriginal source link unavailable
Technical details
- SHA-256
- 9bd230ed4ce1149d477391c788afefbb14b311c20f9183b38fc529a4971d6119
- Size
- 827,298 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 10:58:57 UTC
- Prevo reference
- hdb-list-condo-sites-sold