Commonwealth Avenue

Awarded

Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed). HDB sale site, built as COMMONWEALTH TOWERS.

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[ Award ]

S$562,818,171

S$9,503.00 psm GFA (derived: the source published the price and no rate). Awarded 7 February 2013 to Intrepid Investments Pte Ltd, parent: Hong Leong Holdings Limited, Verwood Holdings Pte. Ltd. and Hong Realty (Private) Limited, parent: Hong Leong Investment Holdings Pte. Ltd..

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Commonwealth Avenue	Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed)	12,086.8 m²	59,225.32 m²	Intrepid Investments Pte Ltd, parent: Hong Leong Holdings Limited, Verwood Holdings Pte. Ltd. and Hong Realty (Private) Limited, parent: Hong Leong Investment Holdings Pte. Ltd.	S$562,818,171(S$9,503.00, derived)

[ All 3 tenderers ]

As listed at the close of 5 February 2013 (hdb-list-queenstown-s9a-close), with the outcome the award of 7 February 2013 gave each.

Rank	Tenderer	Tendered price	Outcome
1	Intrepid Investments Pte Ltd, parent: Hong Leong Holdings Limited, Verwood Holdings Pte. Ltd. and Hong Realty (Private) Limited, parent: Hong Leong Investment Holdings Pte. Ltd.	S$562,818,171	Awarded
2	Acresvale Investment Pte Ltd	S$549,290,000	Unsuccessful
3	FCL Topaz Pte. Ltd., parent: Frasers Property Limited, Far East Orchard Limited, parent: Far East Organization (controlling shareholder group), Sekisui House, Ltd. and China Construction (South Pacific) Development Co. Pte Ltd, parent: China State Construction Engineering Corporation Limited	S$541,880,000	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.

7 February 2013

Awarded

Queenstown S9a, Commonwealth Avenue: awarded to Intrepid Investments Pte Ltd, Verwood Holdings Pte. Ltd. and Hong Realty (Private) Limited, as HDB's list of condominium sites sold dates it

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

Intrepid Investments Pte Ltd, parent: Hong Leong Holdings Limited, Verwood Holdings Pte. Ltd. and Hong Realty (Private) Limited, parent: Hong Leong Investment Holdings Pte. Ltd., S$562,818,171 (S$9,503.00 psm GFA, derived: the source published the price and not the rate).

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

5 February 2013

Tender closed

Queenstown S9a, Commonwealth Avenue: tender closed with 3 priced bids, as HDB's list of condominium sites sold dates it

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.

3 bids disclosed

Highest S$562,818,171 from Intrepid Investments Pte Ltd, parent: Hong Leong Holdings Limited, Verwood Holdings Pte. Ltd. and Hong Realty (Private) Limited, parent: Hong Leong Investment Holdings Pte. Ltd..

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

18 December 2012

Launched for tender

Queenstown S9a, Commonwealth Avenue: launched for tender, as HDB's list of condominium sites sold dates it

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)

Site facts

Selling authority: HDB
Allowable development: Condominium; or Flats; or, with prior written approval, a combination of Flats and Strata Landed Houses (Serviced Apartments are not allowed)
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: Commonwealth Towers[hdb-list-condo-sites-sold]
Site area: 12,086.8 sqm[hdb-list-condo-sites-sold]
Maximum GFA: 59,225 sqm[hdb-list-condo-sites-sold]
Tender conditions: Development type (list code): *CO
Permissible gross plot ratio: 4.9
Facts as stated on: 18 December 2012

Sources

Agency listPublication date not recorded
List of Residential Sites
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backed
Original source link unavailable
Technical details
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Retrieved at
2026-09-19 10:58:57 UTC
Prevo reference
hdb-list-condo-sites-sold