Sin Ming Avenue

Awarded

Condominium or Flats. HDB sale site, built as BISHAN POINT.

[ Award ]

S$62,385,000

Awarded 8 September 1997 to First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited).

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Sin Ming Avenue	Condominium or Flats	6,799.9 m²	Not stated	First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited)	S$62,385,000

[ All 3 tenderers ]

As listed at the close of 24 July 1997 (hdb-list-bishan-s12-close), with the outcome the award of 8 September 1997 gave each.

Rank	Tenderer	Tendered price	Outcome
1	First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited)	S$62,385,000	Awarded
2	DBS Realty Pte Ltd, parent: DBS Group Holdings Ltd & HKR Asia Pacific Pte Ltd	S$47,318,090	Unsuccessful
3	MCL Land Limited, parent: Hongkong Land Holdings Limited	S$38,120,238	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.

8 September 1997

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

First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited), S$62,385,000.

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

24 July 1997

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.

3 bids disclosed

Highest S$62,385,000 from First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited).

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

30 May 1996

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: Condominium or Flats
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: Bishan Point[hdb-list-condo-sites-sold]
Site area: 6,799.9 sqm[hdb-list-condo-sites-sold]
Tender conditions: Development type (list code): CO
Permissible gross plot ratio: 2.8
Facts as stated on: 30 May 1996