A land parcel at Upper Serangoon Road has attracted only two bids in a public tender that closed on November 30.
Kwan Hwee Investment Ltd offered the highest bid of $155.23 million, while Sim Lian Land Ltd offered $113.30 million.
The land site has a total area of 20,000 sq m and a maximum gross floor area of 70,000 sq m with a gross plot ratio of 3.5. It is designated for public housing development under HDB’s Design, Build and Sell Scheme (DBSS), and could yield up to 630 housing units.
The site is located just across from Punggol Park with nearby shopping, food and entertainment conveniences like Kang Kar Mall, Hougang Plaza and Hougang Mall.
HDB said it will evaluate the tender bids and announce the final tender results within the next two weeks.