Draycott Drive

Awarded

Condominium (with option to conserve existing bungalow). URA sale site, built as DRAYCOTT EIGHT.

[ Award ]

S$354,398,000

S$11,879.00 psm GFA, about S$1,104 psf ppr (derived). Awarded 28 July 1997 to Grandwin Investment Pte Ltd, parent: Wing Tai Holdings Limited.

Location	Allowable development	Site area	Maximum permissible GFA	Successful tenderer	Tendered price (S$ psm of GFA)
Draycott Drive	Condominium (with option to conserve existing bungalow)	14,206.6 m²	29,834 m²	Grandwin Investment Pte Ltd, parent: Wing Tai Holdings Limited	S$354,398,000(S$11,879.00)

[ The one tender received ]

As listed at the close of 11 June 1997 (ura-list-1997-draycott-drive-close), with the outcome the award of 28 July 1997 gave each.

Rank	Tenderer	Tendered price	S$ psm GFA	S$ psf ppr (derived)	Outcome
1	Grandwin Investment Pte Ltd, parent: Wing Tai Holdings Limited	S$354,398,000	S$11,879.00	S$1,104	Awarded

Press releases, latest first

Each card is one release on its own date, with its text folded beneath. The latest is first and open.

28 July 1997

Awarded

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

Awarded to

Grandwin Investment Pte Ltd, parent: Wing Tai Holdings Limited, S$354,398,000 (S$11,879.00 psm GFA, about S$1,104 psf ppr).

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

11 June 1997

Tender closed

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

1 bid disclosed

Highest S$354,398,000 (S$11,879.00 psm GFA) from Grandwin Investment Pte Ltd, parent: Wing Tai Holdings Limited.

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

23 April 1997

Launched for tender

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

Source: URA Vacant Sites (online version) (Prevo reference ura-list-vacant-sites-sold)

Selling authority: URA
Allowable development: Condominium (with option to conserve existing bungalow)
Tenure: 99 years
Programme list: None stated; sold by tender, as ura's list records itA URA sale tender its source places on neither the Confirmed nor the Reserve List of the Government Land Sales programme. No list is inferred.The list counts 10 bids and names only the successful tenderer.[ura-list-vacant-sites-sold]
Site area: 14,206.6 sqm[ura-list-vacant-sites-sold]
Maximum GFA: 29,834 sqm[ura-list-vacant-sites-sold]
Tender conditions: Development type (list code): Residential (Non-Landed)
Planning area: Newton
Facts as stated on: 23 April 1997