Rivervale Drive
AwardedMixed commercial and residential. HDB sale site, built as Rivervale Mall & Rivervale Crest.
S$203,198,000
S$3,003.23 psm GFA (derived: the source published the price and no rate). Awarded 8 September 1997 to NTUC Choice Homes Co-Operative Ltd, parent: NTUC Enterprise Co-operative Limited.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Rivervale Drive | Mixed commercial and residential | 22,553.3 m² | 67,659.9 m² | NTUC Choice Homes Co-Operative Ltd, parent: NTUC Enterprise Co-operative Limited | S$203,198,000(S$3,003.23, derived) |
As listed at the close of 24 July 1997 (hdb-list-sengkang-n1nc-close), with the outcome the award of 8 September 1997 gave each.
| Rank | Tenderer | Tendered price | Outcome |
|---|---|---|---|
| 1 | NTUC Choice Homes Co-Operative Ltd, parent: NTUC Enterprise Co-operative Limited | S$203,198,000 | Awarded |
| 2 | Centrepoint Properties Ltd, parent: Frasers Property Limited (formerly Centrepoint Properties Limited) | S$176,000,000 | Unsuccessful |
| 3 | Orchard Terminal Pte Ltd, parent: Far East Organization | S$136,198,000 | Unsuccessful |
| 4 | Hiap Hoe Holdings Pte Ltd | S$135,000,000 | Unsuccessful |
| 5 | Keppel Land Investment Pte Ltd | S$130,133,000 | Unsuccessful |
| 6 | MCL Land Ltd, parent: Hongkong Land Holdings Limited | S$125,998,800 | Unsuccessful |
| 7 | Winwave Investment Pte Ltd, parent: Wing Tai Holdings Limited | S$100,100,000 | 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.
8 September 1997
AwardedSengkang N1NC, Rivervale Drive: awarded to NTUC Choice Homes Co-operative Ltd, as HDB's list of mixed residential and commercial sites sold dates it
Dated as the agency’s list of sites sold prints it (List of mixed residential and commercial sites sold). The list is the source; no release of this date is on record.
Awarded to
NTUC Choice Homes Co-Operative Ltd, parent: NTUC Enterprise Co-operative Limited, S$203,198,000 (S$3,003.23 psm GFA, derived: the source published the price and not the rate).
Source: List of mixed residential and commercial sites sold (Prevo reference hdb-list-mixed-sites-sold)
24 July 1997
Tender closedSengkang N1NC, Rivervale Drive: tender closed with 7 priced bids, as HDB's list of mixed residential and commercial sites sold dates it
Dated as the agency’s list of sites sold prints it (List of mixed residential and commercial sites sold). The list is the source; no release of this date is on record.
7 bids disclosed
Highest S$203,198,000 from NTUC Choice Homes Co-Operative Ltd, parent: NTUC Enterprise Co-operative Limited.
Source: List of mixed residential and commercial sites sold (Prevo reference hdb-list-mixed-sites-sold)
30 May 1997
Launched for tenderSengkang N1NC, Rivervale Drive: launched for tender, as HDB's list of mixed residential and commercial sites sold dates it
Dated as the agency’s list of sites sold prints it (List of mixed residential and commercial sites sold). The list is the source; no release of this date is on record.
Source: List of mixed residential and commercial sites sold (Prevo reference hdb-list-mixed-sites-sold)
Site facts
- Selling authority
- HDB
- Allowable development
- Mixed commercial and residential
- 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-mixed-sites-sold]
- Project
- Rivervale Mall & Rivervale Crest[hdb-list-mixed-sites-sold]
- Site area
- 22,553.3 sqm[hdb-list-mixed-sites-sold]
- Maximum GFA
- 67,660 sqm[hdb-list-mixed-sites-sold]
- Tender conditions
- Permissible gross plot ratio: 3
- Facts as stated on
- 30 May 1997
Sources
- Agency listPublication date not recorded
List of mixed residential and commercial sites sold
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedOriginal source link unavailable
Technical details
- SHA-256
- 417df251cb8624ba806df3a6cb6e628e19acead2b258f3f5cd6df6c021fc4d83
- Size
- 261,098 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 11:00:31 UTC
- Prevo reference
- hdb-list-mixed-sites-sold