The Housing and Development Board (HDB) has announced that it has awarded a site at Buangkok Drive / Sengkang East Drive to Qingdao Construction (Singapore) Ltd, after it submitted the highest bid of S$247 million (S$4,211.60 psm) in a public tender that closed on 2 June 2011.
Launched for sale on 30 March 2011, the land parcel was made available under the confirmed list of the 1H2011 Government Land Sales (GLS) programme. It is zoned for condominium development and has a total area of 19,549.2 sq m, with a maximum gross floor area (GFA) of 58,647.6 sq m.
The site has a maximum building height of 64 m above mean sea level and can potentially yield about 550 housing units.
To contact the journalist, you may send your message to editor@propertyguru.com.sg