The Housing and Development Board (HDB) has awarded the tender for a site at Sengkang West Way (pictured) to Secure Development, which submitted the top bid of S$262.1 million.
Launched for sale on 28 February, the 99-year leasehold site attracted eight bidders and is expected to be developed into 555 housing units.
The 16,603.90 sq m land parcel has a maximum gross floor area (GFA) of 49,811.70 sq m and plot ratio of 3.0.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
Related Stories:
Sengkang residential site draws S$262.1m top bid
Home prices up despite new cooling measures
Property investment in S’pore off to slow start