A residential site at the junction of Punggol Central and Punggol Walk has attracted a total of 7 bids, with Sim Lian Land Ltd and Sim Lian Development Ltd offering a joint bid of $363 million, or around $4,373.55 psm of gross floor area (GFA).
It was launched for sale on October 26 under the confirmed list of the government’s 2H2010 GLS programme.
The second highest bid came from Qingdao Construction (Singapore) Ltd, offering $361.7 million for the site, followed by Intrepid Investments Ltd; Keppel Land Realty Ltd; a joint bid between FCL Topaz Ltd, Far East Civil Engineering Ltd and Sekisui House Ltd; and Allgreen Properties Ltd, which emerged as the lowest bidder at $258 million, or approximately $3,108.23 psm of GFA.
The residential site has a total area of 27,527.20 sq m and a maximum permissible GFA of 82,999.00 sq m, including a conservation building of approximately 417 sq m. The conservation building, known as Matilda House will be conserved and restored as part of the new residential development for the site, as it is the only remaining historic bungalow in Punggol Town.
The URA said it will still evaluate the tender result, and the award for the site will be announced at a later date.
Meanwhile, an industrial site at the junction of Pioneer Road North and Soon Lee Street has been awarded to KNG Land Ltd. The company submitted the highest bid of $26.92 million for the site in a public tender that closed on December 1.