United Venture Development (UVD) has been awarded the tender for Bright Hill Drive by the Housing Board with their bid of $291.5 million on Friday.

The HDB launched the land parcel for tender on June 20.

The 99-year lease land is estimated to be able to yield 405 dwelling units.

Both condominiums and flats can be developed there. A mix of flats and strata land houses can also be developed if prior written approval is given.

Serviced apartments are not allowed on the site.

UVD is a joint venture company of UOL and Singapore Land Limited. 

ljessica@sph.com.sg