An executive condominium (EC) site at the junction of Pasir Ris Drive 3 and Pasir Ris Rise (pictured) has been awarded to highest bidder Hao Yuan Investment, said the Housing and Development Board (HDB).
It offered the top bid of S$207 million during a public tender, beating nine other developers for the 27,660 sq m site.
The site has a maximum gross floor area (GFA) of 58,086 sq m and gross plot ratio of 2.1.
The well-located site is expected to yield about 580 units.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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