A commercial-cum-residential site at Hillview Avenue has been awarded to Tuas Technology Park Ltd, after it offered the highest bid of S$289.8 million (approximately S$672.60 psf ppr) in a public tender that closed on 28 April.
The land site, which was launched for sale on 28 February, has a total area of 14,294.3 sq m, with a maximum gross floor area (GFA) of 40,025 sq m and a leasehold period of 99 years. It can yield up to 370 housing units, while 6,000 sq m of the total GFA will be set aside to provide retail amenities for residents in the Hillview area.
The land parcel is located near the future Cashew and Hillview MRT stations, which are part of the Downtown Line 2 (DTL2) Mass Rapid Transit system. It will also be connected to key precincts in the city centre, including Bugis, Marina Bay and Chinatown.
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