An executive condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Rise (pictured) attracted a total of 10 bids when the public tender closed yesterday, according to the Housing and Development Board (HDB).
The top bid of S$207 million submitted by Hao Yuan Investment was very close to the second highest offer of S$206.688 million from World Class Investments. These bids work out to S$3,563.68 psm and S$3,558.31 psm on the gross floor area (GFA) respectively.
Launched for sale on 26 September, the 27,660 sq m site has a maximum GFA of 58,086 sq m and gross plot ratio of 2.1.
The well-located site is expected to yield some 580 EC units. Apart from nearby amenities, the future development will be easily accessible via the Pasir Ris MRT station and Bus Interchange.
The winning developer will be announced once all the bids have been evaluated.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
Related Stories:
Private home sales predicted to drop in 2013
Jurong Kechil site awarded to World Class
Projects racing to beat sales deadline