Sin Ming Walk

Awarded

Condominium or Flats. HDB sale site, built as THE GARDENS AT BISHAN.

[ Award ]

S$275,559,000

Awarded 23 December 1996 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 Walk	Condominium or Flats	34,949.2 m²	Not stated	First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited)	S$275,559,000

[ All 7 tenderers ]

As listed at the close of 21 November 1996 (hdb-list-bishan-s3-close), with the outcome the award of 23 December 1996 gave each.

Rank	Tenderer	Tendered price	Outcome
1	First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited)	S$275,559,000	Awarded
2	Wincrest Investment Pte Ltd / Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land)	S$243,189,000	Unsuccessful
3	Golden Development Pte Ltd, parent: Far East Organization / Orchard Parade Land Pte Ltd, parent: Far East Orchard Limited (formerly Orchard Parade Holdings Limited)	S$218,258,000	Unsuccessful
4	Malayan Credit Ltd, parent: MCL Land Limited (later operated as Sunway MCL)	S$180,572,648	Unsuccessful
5	Allgreen Properties Ltd / Hoe Seng Co (Pte) Ltd	S$173,890,000	Unsuccessful
6	City Developments Ltd	S$170,800,000	Unsuccessful
7	United Overseas Land Ltd, parent: UOL Group Limited (formerly United Overseas Land Limited) and Others	S$152,000,000	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.

23 December 1996

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$275,559,000.

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

21 November 1996

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.

7 bids disclosed

Highest S$275,559,000 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)

27 September 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: The Gardens at Bishan[hdb-list-condo-sites-sold]
Site area: 34,949.2 sqm[hdb-list-condo-sites-sold]
Tender conditions: Development type (list code): CO
Permissible gross plot ratio: 2.5
Facts as stated on: 27 September 1996