Woodlands Avenue 7

Awarded

Executive Condominium housing. HDB sale site, built as WOODSVALE.

[ Award ]

S$196,888,000

Awarded 25 June 1997 to Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land).

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Woodlands Avenue 7	Executive Condominium housing	34,000 m²	Not stated	Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land)	S$196,888,000

[ All 13 tenderers ]

As listed at the close of 22 May 1997 (hdb-list-woodlands-e1-close), with the outcome the award of 25 June 1997 gave each.

Rank	Tenderer	Tendered price	Outcome
1	Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land)	S$196,888,000	Awarded
2	NTUC Choice Homes Co-operative Ltd, parent: NTUC Enterprise Co-operative Limited / Koh Brothers Development Pte Ltd JV	S$193,900,000	Unsuccessful
3	Hong Leong Holdings Ltd	S$188,000,000	Unsuccessful
4	DBS Realty Pte Ltd, parent: DBS Group Holdings Ltd	S$183,300,000	Unsuccessful
5	Centrepoint Properties Ltd, parent: Frasers Property Limited (formerly Centrepoint Properties Limited)	S$179,300,000	Unsuccessful
6	Econ International Ltd	S$165,080,000	Unsuccessful
7	Yeo Hiap Seng Ltd, parent: Far East Organization (controlling shareholder group) / LKN Construction PL / Natsteel Properties Pte Ltd	S$139,118,888	Unsuccessful
8	Hong Bee Investment PL / Consolidated Land Investment Holdings PL / Mr Gan Cheong Or, Chuang Uming PL	S$138,000,000	Unsuccessful
9	Allgreen Properties Ltd / Hoe Seng Co Pte Ltd, parent: Hoe Seng Co (Pte) Ltd	S$135,800,000	Unsuccessful
10	Singapore Technologies Construction Pte Ltd	S$124,490,008	Unsuccessful
11	Shun Shing Construction (S) Pte Ltd	S$123,800,000	Unsuccessful
12	Crystal Heights Investment Pte Ltd	S$121,000,000	Unsuccessful
13	Winavic Investment Pte Ltd	S$117,689,000	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.

25 June 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

Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land), S$196,888,000.

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

22 May 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.

13 bids disclosed

Highest S$196,888,000 from Pidemco Land Ltd, parent: CapitaLand Limited (formed through merger of Pidemco Land and DBS Land).

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

28 March 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: Woodsvale[hdb-list-ec-sites-sold]
Site area: 34,000 sqm[hdb-list-ec-sites-sold]
Tender conditions: Housing classification: Executive Condominium
Permissible gross plot ratio: 2.8
Facts as stated on: 28 March 1997