Hougang Avenue 7

Awarded

Executive Condominium housing. HDB sale site, built as THE FLORIDA.

[ Award ]

S$143,800,000

Awarded 18 September 1997 to City Developments Limited.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Hougang Avenue 7	Executive Condominium housing	22,366 m²	Not stated	City Developments Limited	S$143,800,000

[ All 4 tenderers ]

As listed at the close of 14 August 1997 (hdb-list-hougang-e1-close), with the outcome the award of 18 September 1997 gave each.

Rank	Tenderer	Tendered price	Outcome
1	City Developments Limited	S$143,800,000	Awarded
2	Allgreen Properties Ltd / Hoe Seng Co (Pte) Ltd	S$137,680,000	Unsuccessful
3	Pidemco Land Limited, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land)	S$128,900,000	Unsuccessful
4	Low Keng Huat (S) Ltd / DBS Realty (Pte) Ltd, parent: DBS Group Holdings Ltd	S$99,669,800	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.

18 September 1997

Awarded

Dated as the agency’s list of sites sold prints it (List of EC Sites). The list is the source; no release of this date is on record.

Awarded to

City Developments Limited, S$143,800,000.

Source: List of EC Sites (Prevo reference hdb-list-ec-sites-sold)

14 August 1997

Tender closed

Dated as the agency’s list of sites sold prints it (List of EC Sites). The list is the source; no release of this date is on record.

4 bids disclosed

Highest S$143,800,000 from City Developments Limited.

Source: List of EC Sites (Prevo reference hdb-list-ec-sites-sold)

27 June 1997

Launched for tender

Dated as the agency’s list of sites sold prints it (List of EC Sites). The list is the source; no release of this date is on record.

Source: List of EC Sites (Prevo reference hdb-list-ec-sites-sold)

Selling authority: HDB
Allowable development: Executive Condominium housing
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-ec-sites-sold]
Project: The Florida[hdb-list-ec-sites-sold]
Site area: 22,366 sqm[hdb-list-ec-sites-sold]
Tender conditions: Housing classification: Executive Condominium
Permissible gross plot ratio: 3
Facts as stated on: 27 June 1997