Developer Sing Holdings has secured the tender for an executive condominium (EC) site at Punggol Field Walk/Punggol East (pictured), said the Housing and Development Board (HDB).
The company submitted the top bid of S$162.1 million or S$3,776.73 psm on the maximum permissible gross floor area (GFA) of 42,920.70 sq m with a plot ratio of 3.0.
Offered on a 99-year lease, the 14,306.90 sq m site will be developed into about 435 housing units.
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’poreans more optimistic despite property price concerns
URA awards Thomson Road white site at S$492.5m
S’pore home prices to rise 8% by 2017: study