HDB has awarded a land parcel at Tampines Avenue 8 to Hoi Hup Realty Ltd, Sunway Developments Ltd and SC Wong Holdings Ltd after they offered a joint bid of $187.59 million in a public tender that closed on November 25.
The Tampines Avenue 8 site has a total area of 20,600 sq m and a maximum gross floor area of 57,680 sq m with a gross plot ratio of 2.8. It is proposed for executive condominium development and could potentially yield up to 525 units.
Located in Tampines Town, the 99-year leasehold site is within close proximity to many convenient facilities and amenities, including Tampines Regional Centre and Neighbourhood Centres, as well as to several schools, a supermarket, swimming complex, and sports and transportation facilities. The site is well served by major roads and MRT stations and offers easy access to the Town Centre.