The Housing Development Board (HDB) has closed the tender for a residential site at Tampines Central 7, after receiving a total of four bids.
Sim Lian Land offered the highest bid of S$278.8 million (S$4,224.24 psm), followed by Qingdao Construction (Singapore) Ltd, which offered S$243 million.
A joint bid between FCL Tampines Court Ltd and Keong Hong Construction Ltd offered S$235 million, while Soilbuild Group Holdings emerged as the lowest bidder at S$198.9 million.
The site, which was made available for sale on 23 February, has a site area of 22,000 sq m and a maximum gross floor area (GFA) of 66,000 sq m, with a gross plot ratio of 3.0. It is proposed for executive condominium (EC) housing and can yield up to 660 units.
The site is situated near Tampines MRT station along the East-West Line. It is also close to shopping malls like Tampines 1, Tampines Mall and Century Square, which provide various shopping, dining and entertainment options to residents.
“This is one of the best-located EC sites ever to be released,” said Diana Kuik, Executive Director of Sim Lian Group.
Ms. Kuik said Sim Lian is planning to develop a 14- to 15-storey EC on the site comprising two- to four-bedroom units, with the majority of the units likely to be three-bedders with sizes ranging from 1,100 sq ft to 1,200 sq ft.
HDB said it will evaluate the tender bids and announce the final tender results at a later date.