The Housing and Development Board (HDB) has announced the final tender results for a land parcel at Fernvale Lane (pictured) which was released in February.
Property developer Peak Living Pte. Ltd won the bid for the 99-year leasehold site at S$245 million.
The 21,999.90 sq m plot is slated for executive condominium (EC) housing, with a maximum allowed GFA (gross floor area) of 76,999.65 sq m, or a gross plot ratio of 3.5. In addition, the property could feature around 770 dwelling units and be 90m high.
Related Stories:
Asian investors to remain active in property investment market
Bungalow market gaining momentum
Property investment activity down 50% in Q1: DTZ