Allamanda Residential Development, a unit of CapitaLand, has submitted the top bid of S$505.1 million for a housing site at Bishan Street 14 (pictured), according to the Housing and Development Board (HDB).
The 11,227.8 sq m site could be developed into 645 residential units.
Launched for sale on 15 October, the 99-year leasehold site attracted a total of nine bids from developers. The top bid works out to S$9,180.93 psm on the gross floor area (GFA).
Meanwhile, a consortium comprising Singland Homes, UOL Venture Investments and ORIX Investment and Management offered the second highest bid of S$490.1 million.
HDB will announce the final tender results after all 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:
S’pore housing market slows down
Hao Yuan wins Pasir Ris EC tender