Jurong East Avenue 1

Awarded

Condominium or Flats. HDB sale site, built as THE MAYFAIR.

[ Award ]

S$131,215,000

Awarded 6 September 1996 to SSL Properties Pte Ltd, parent: Straits Steamship Land (Keppel Group property arm; later Keppel Land Limited).

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Jurong East Avenue 1	Condominium or Flats	18,905 m²	Not stated	SSL Properties Pte Ltd, parent: Straits Steamship Land (Keppel Group property arm; later Keppel Land Limited)	S$131,215,000

[ All 9 tenderers ]

As listed at the close of 25 July 1996 (hdb-list-jurong-east-s1-close), with the outcome the award of 6 September 1996 gave each.

Rank	Tenderer	Tendered price	Outcome
1	SSL Properties Pte Ltd, parent: Straits Steamship Land (Keppel Group property arm; later Keppel Land Limited)	S$131,215,000	Awarded
2	Allgreen Properties Ltd / Hoe Seng Company (Pte) Ltd, parent: Hoe Seng Co (Pte) Ltd	S$125,980,000	Unsuccessful
3	City Developments Ltd / Hong Leong Holdings Ltd	S$111,222,000	Unsuccessful
4	First Capital Corporation Ltd, parent: GuocoLand Limited (formerly First Capital Corporation Limited)	S$109,600,000	Unsuccessful
5	RichDeal Investment Pte Ltd	S$96,999,000	Unsuccessful
6	Erishi Holdings Pte Ltd	S$91,780,000	Unsuccessful
7	Azurite Land Pte Ltd	S$91,100,000	Unsuccessful
8	Nasidon Investments Pte Ltd, parent: Frasers Property Limited	S$71,880,000	Unsuccessful
9	Tara Development Pte Ltd	S$16,328,000	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.

6 September 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

SSL Properties Pte Ltd, parent: Straits Steamship Land (Keppel Group property arm; later Keppel Land Limited), S$131,215,000.

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

25 July 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.

9 bids disclosed

Highest S$131,215,000 from SSL Properties Pte Ltd, parent: Straits Steamship Land (Keppel Group property arm; later Keppel Land Limited).

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

31 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: The Mayfair[hdb-list-condo-sites-sold]
Site area: 18,905 sqm[hdb-list-condo-sites-sold]
Tender conditions: Development type (list code): CO
Permissible gross plot ratio: 2.8
Facts as stated on: 31 May 1996