HDB’s tender for a residential site located at Punggol Field/Punggol Road has attracted a highest bid of S$223.7 million.
This translates to about S$298 psf ppr for the Reserve List site zoned for executive condominium (EC) development.
The highest bid came from a joint bid by two companies – CEL Development and ChoiceHomes Investments.
The second highest bid was S$215.2 million, which also came from another joint bid by Sunway Developments and Hoi Hup Realty.
The 99-year leasehold residential site has a maximum gross floor area of more than 67,000 sq m and a site area of about 22,500 sq m.
The site was released for public tender on 5 May 2010 and it had attracted a total of five bids. HDB said it will decide on the winning bidder soon.