Punggol Central / Punggol Walk
AwardedMixed commercial and residential. HDB sale site, built as Waterway Point & Watertown.
S$1,021,000,000
S$8,103.36 psm GFA (derived: the source published the price and no rate). Awarded 18 February 2011 to Emerald Star Pte Ltd, parent: City Developments Limited and FC Retail Trustee Pte Ltd (as Trustee of Sapphire Star Trust), parent: Frasers Property Limited.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Punggol Central / Punggol Walk | Mixed commercial and residential | 29,999.3 m² | 125,997.06 m² | Emerald Star Pte Ltd, parent: City Developments Limited and FC Retail Trustee Pte Ltd (as Trustee of Sapphire Star Trust), parent: Frasers Property Limited | S$1,021,000,000(S$8,103.36, derived) |
As listed at the close of 15 February 2011 (hdb-list-punggol-p1-close), with the outcome the award of 18 February 2011 gave each.
| Rank | Tenderer | Tendered price | Outcome |
|---|---|---|---|
| 1 | Emerald Star Pte Ltd, parent: City Developments Limited and FC Retail Trustee Pte Ltd (as Trustee of Sapphire Star Trust), parent: Frasers Property Limited | S$1,021,000,000 | Awarded |
| 2 | Punggol Retail Development Pte Ltd and Qingdao Construction (Singapore) Pte Ltd, parent: Qingjian Group Co., Ltd. | S$849,777,000 | Unsuccessful |
| 3 | Keppel Land Realty Pte Ltd, parent: Keppel Ltd. and K-Commercial Management Pte. Ltd. (as Trustee-Manager of K-Commercial Trust) | S$786,000,000 | Unsuccessful |
| 4 | Jewel Residential (1) Pte. Ltd. And Jewel Trustee Pte. Ltd. (in its capacity as trustee of Jewel Mall Trust) | S$763,988,888 | Unsuccessful |
| 5 | Earth Holdings Pte. Ltd. And UED Capital Venture Pte. Ltd. | S$692,999,999 | Unsuccessful |
| 6 | Fica Nominees Pte Ltd and First Capital Holdings Pte Ltd | S$680,822,000 | Unsuccessful |
| 7 | Mezzo Development Pte Ltd | S$250,000,000 | 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.
18 February 2011
AwardedPunggol P1, Punggol Central / Punggol Walk: awarded to Emerald Star Pte Ltd and FC Retail Trustee Pte Ltd (as Trustee of Sapphire Star Trust), 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
Emerald Star Pte Ltd, parent: City Developments Limited and FC Retail Trustee Pte Ltd (as Trustee of Sapphire Star Trust), parent: Frasers Property Limited, S$1,021,000,000 (S$8,103.36 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)
15 February 2011
Tender closedPunggol P1, Punggol Central / Punggol Walk: 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$1,021,000,000 from Emerald Star Pte Ltd, parent: City Developments Limited and FC Retail Trustee Pte Ltd (as Trustee of Sapphire Star Trust), parent: Frasers Property Limited.
Source: List of mixed residential and commercial sites sold (Prevo reference hdb-list-mixed-sites-sold)
30 November 2010
Launched for tenderPunggol P1, Punggol Central / Punggol Walk: 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
- Waterway Point & Watertown[hdb-list-mixed-sites-sold]
- Site area
- 29,999.3 sqm[hdb-list-mixed-sites-sold]
- Maximum GFA
- 125,997 sqm[hdb-list-mixed-sites-sold]
- Tender conditions
- Permissible gross plot ratio: 4.2
- Facts as stated on
- 30 November 2010
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