The Housing and Development Board (HDB) has awarded an executive condominium (EC) site at Sembawang Crescent/Sembawang Drive (pictured) to JBE Holdings. The developer submitted the top bid of S$211.92 million.
The 21,718.4 sq m site could yield some 650 housing units and has a maximum permissible gross floor area (GFA) of 60,811.52 sq m and plot ratio of 2.8.
Offered on a 99-year lease, the public tender for the site closed on 13 December and attracted a healthy total of eight bids.
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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