Woodlands Avenue 5

Awarded

Commercial. HDB sale site, built as Causeway Point.

[ Award ]

S$309,800,000

Awarded 2 August 1995 to Nasidon Investments Pte Ltd, parent: Frasers Property Limited.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Woodlands Avenue 5	Commercial	15,797.8 m²	Not stated	Nasidon Investments Pte Ltd, parent: Frasers Property Limited	S$309,800,000

[ All 11 tenderers ]

As listed at the close of 1 June 1995 (hdb-list-woodlands-p1-close), with the outcome the award of 2 August 1995 gave each.

Rank	Tenderer	Tendered price	Outcome
1	Nasidon Investments Pte Ltd, parent: Frasers Property Limited	S$309,800,000	Awarded
2	Midway Holdings Pte Ltd	S$244,751,760	Unsuccessful
3	Rodamco NV / Parkway Holdings Ltd	S$240,000,000	Unsuccessful
4	Lee Kim Tah Holdings Ltd / Consortium	S$231,900,990	Unsuccessful
5	Ho Lee Investments Pte Ltd / Vaudevlle Investments (S) Pte Ltd and Yeo Hiap Seng Ltd, parent: Far East Organization (controlling shareholder group)	S$228,880,000	Unsuccessful
6	OCBC Land Pte Ltd / The Great Eastern Life Assurance Co Ltd, parent: Great Eastern Holdings Limited / Oversea-Chinese Banking Corporation Limited / Straits Developments Pte Ltd	S$223,380,000	Unsuccessful
7	SSL Properties Pte Ltd, parent: Straits Steamship Land (Keppel Group property arm; later Keppel Land Limited) / Yong Zong Hai Development Pte Ltd	S$206,390,000	Unsuccessful
8	NTUC Income Insurance Co-Operative Ltd, parent: Income Insurance Limited (corporatised successor)	S$157,000,000	Unsuccessful
9	Allgreen Properties Ltd and Pacific Carriers Ltd	S$150,800,000	Unsuccessful
10	First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited)	S$135,270,000	Unsuccessful
11	City Developments Ltd	S$132,000,000	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.

2 August 1995

Awarded

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

Nasidon Investments Pte Ltd, parent: Frasers Property Limited, S$309,800,000.

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

1 June 1995

Tender closed

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.

11 bids disclosed

Highest S$309,800,000 from Nasidon Investments Pte Ltd, parent: Frasers Property Limited.

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

24 March 1995

Launched for tender

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)

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: Causeway Point[hdb-list-commercial-sites-sold]
Site area: 15,797.8 sqm[hdb-list-commercial-sites-sold]
Tender conditions: Permissible gross plot ratio: 3.7
Facts as stated on: 24 March 1995