Jurong executive condo site attracts record $272.8m bid

PHOTO: Jurong executive condo site attracts record $272.8m bid

SINGAPORE - That offer, from a consortium of Evia Real Estate, BBR Development, CNH Investment and OKP Land, translates to $418 per sq ft (psf) per plot ratio (ppr) for the 20,213 sq m site, believed to be a record psf ppr figure for an EC site.


Get the full story from The Straits Times.

Here is the full statement from the Housing & Development Board:

The Housing & Development Board (HDB), as the Government's land sales agent, launched the subject sites for tender on 29 Apr 2013 for the land parcel at Punggol Central / Edgedale Plains, and 17 Jun 2013 for the land parcels at Punggol Drive / Edgedale Plains and Yuan Ching Road / Tao Ching Road.

The details of the 3 sale sites are as follows:

Punggol Central / Edgedale Plains

Site area: 13,564.8 sq m
Maximum GFA (GPR): 40,694.4 sq m (3.0)
Maximum building height: 64m AMSL
Estimated dwelling units: 395
Lease term: 99 years

Punggol Drive / Edgedale Plains

Site area: 24,064.8 sq m
Maximum GFA (GPR): 81,820.32 sq m (3.4)
Maximum building height: 64m AMSL
Estimated dwelling units: 825
Lease term: 99 years

Yuan Ching Road / Tao Ching Road

Site area: 20,187.7 sq m
Maximum GFA (GPR): 60,563.1 sq m (3.0)
Maximum building height: 72m AMSL
Estimated dwelling units: 610
Lease term: 99 years

The tender closed at 12 noon today. The details of the provisional tender results are below:

Punggol Central / Edgedale Plains, with eight bids received

Master Contract Services Pte Ltd / Keong Hong Construction Pte Ltd

Tender price: $156,000,000.00
$psm/GFA: $3,833.45

Greatview Development Pte Ltd

Tender price: $153,900,000.00
$psm/GFA: $3,781.85

Kingsford Development Pte Ltd and Singhome Residential Fund Pte Ltd

Tender price: $152,370,000.00
$psm/GFA: $3,744.25

Verwood Holdings Pte Ltd

Tender price: $151,122,000.00
$psm/GFA: $3,713.58

Evia Real Estate (6) Pte Ltd, BBR Development Pte Ltd and CNH Investment Pte Ltd

Tender price: $149,377,777.77
$psm/GFA: $3,670.72

Sing Holdings Limited, Tang City Properties Pte Ltd and Maxdin Pte Ltd

Tender price: $145,688,800.00
$psm/GFA: $3,580.07

Nexus Point Investments Pte Ltd

Tender price: $145,018,800.00
$psm/GFA: $3,563.61

Sim Lian Land Pte Ltd

Tender price: $129,000,000.00
$psm/GFA: $3,169.97

Punggol Drive / Edgedale Plains, with six bids received

Peak Square Pte Ltd

Tender price: $312,800,000.00
$psm/GFA: $3,823.01

Kingsford Development Pte Ltd

Tender price: $305,168,000.00
$psm/GFA: $3,729.73

Fantasia Investment (Singapore) Pte Ltd and Singhome Residential Fund Pte Ltd

Tender price: $302,170,000.00
$psm/GFA: $3,693.09

Bellevue Properties Pte Ltd

Tender price: $295,030,000.00
$psm/GFA: $3,605.83

Northspring Development Pte Ltd

Tender price: $290,980,000.00
$psm/GFA: $3,556.33

Sim Lian Land Pte Ltd

Tender price: $268,666,000.00
$psm/GFA: $3,283.61

Yuan Ching Road / Tao Ching Road, with 16 bids received

Evia Real Estate (5) Pte Ltd, BBR Development Pte Ltd, CNH Investment Pte Ltd and OKP Land Pte Ltd

Tender price: $272,838,888.38
$psm/GFA: $4,505.04

Greatview Development Pte Ltd

Tender price: $267,900,000.00
$psm/GFA: $4,423.49

UOL Venture Investments Pte Ltd

Tender price: $266,300,000.00
$psm/GFA: $4,397.07

Singhaiyi Properties Pte Ltd and Haiyi Properties Pte Ltd

Tender price: $261,888,899.00
$psm/GFA: $4,324.23

Algreen Properties Limited

Tender price: $247,500,000.00
$psm/GFA: $4,086.65

Sing Holdings Limited, Tang City Properties Pte Ltd and Maxdin Pte Ltd

Tender price: $245,118,000.00
$psm/GFA: $4,047.32

Verwood Holdings Pte. Ltd. and TID Residential Pte Ltd

Tender price: $240,300,000.00
$psm/GFA: $3,967.76

Master Contract Services Pte Ltd / Keong Hong Construction Pte Ltd

Tender price: $240,200,000.00
$psm/GFA: $3,966.11

Kingsford Development Pte Ltd

Tender price: $236,980,000.00
$psm/GFA: $3,912.94

FCL Place Pte Ltd

Tender price: $231,830,000.00
$psm/GFA: $3,827.91

CEL Residential Development Pte Ltd

Tender price: $225,688,000.00
$psm/GFA: $3,726.49

EL Development Pte Ltd

Tender price: $223,880,000.00
$psm/GFA: $3,696.64

Changi Properties Pte Ltd

Tender price: $223,700,000.00
$psm/GFA: $3,693.67

TG (2013) Pte Ltd

Tender price: $220,188,999.00
$psm/GFA: $3,635.70

5 Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup J.V. Development Pte Ltd

Tender price: $216,713,000.00
$psm/GFA: $3,578.30

Teneriffe Development Pte Ltd

Tender price: $210,802,300.00
$psm/GFA: $3,480.71

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.

SERVICES