The tender of a residential site located at Upper Serangoon Crescent / Upper Serangoon Road was closed yesterday, with Allgreen Properties Limited offering the top bid of S$270.28 million, or S$3,136.53 psm of gross floor area (GFA).
FCL Topaz Pte Ltd, Far East Civil Engineering (Pte) Limited and Sekisui House, Ltd jointly submitted the second highest bid of S$252.80 million (S$2,933.68 psm of GFA), while CEL Development Pte Ltd was the lowest bidder at S$242 million (S$2,808.34 psm of GFA).
Launched for sale on 28 July 2011, the 99-year leasehold site has a total area of 24,620.5 sq m and a maximum GFA of 86,171.75 sq m. It is zoned for condominium housing that can potentially yield 860 units.
Meanwhile, the Housing & Development Board (HDB) has awarded the land parcel at Punggol Field Walk to Capital Development Pte Ltd and ZACD Investments Pte Ltd, for their joint offer of S$169.56 million in a tender that closed on 1 September 2011.
Zoned for condominium housing, the 99-year leasehold site has a total area of 14,344.0 sq m and a maximum GFA of 48,769.6 sq m. It has a maximum building height of 64 m above mean sea level and can yield about 550 housing units.
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