The public tender for a land parcel at Woodlands Avenue 6/Woodlands Drive 16 slated for executive condominium (EC) development, has been awarded to Opal Star and Binjai Holdings, said the Housing and Development Board (HDB).
The tie-up offered the highest bid of S$150.18 million for the 16,505.40 sq m site.
Launched for sale on 23 August, the 99-year leasehold site attracted a total of five bids when the tender closed on 9 October.
With an expected yield of 465 EC units, the site has a maximum gross floor area (GFA) of 46,215.12 sq m and gross plot ratio of 2.8.
Related Stories:
URA awards Jalan Sultan tender at S$331m
Singapore home sales surge to 3-year high
Govt to release 5 residential sites