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.