The tender for a Woodlands Avenue 5 / Woodlands Drive 16 land parcel closed at 12 noon today with five bids received.

The bids were received from Hao Yuan Investment Pte Ltd, MCL Land Limited, EL Development Pte Ltd, White Haven Properties Pte. Ltd and FCL Place Pte. Ltd. & Maxdin Pte Ltd.

It was launched by the Housing & Development Board (HDB) for tender on March 15 this year.

The land parcel is slated for Executive Condominium housing development and will have a site area of 25,800 sq m and a maximum GFA [GFR] of 72,240 sq m [2.8].

It is expected to house 720 dwelling units and has a lease term of 99 years.

A decision on the award of the tender will be made after the bids have been evaluated. This will be announced at a later date.

paullim@sph.com.sg