An executive condominium site at Westwood Avenue (pictured) has received strong interest from developers, attracting a total of 12 bids when the tender exercise closed on Tuesday, said the HDB.
The top bid of S$198.9 million was submitted by Changi Properties and Heeton Homes. This translates to around S$4,109 psm on the gross floor area (GFA).
This was followed by a S$198 million offer from Verwood Holdings and TID Residential. The lowest bid came from Sim Lian Land at S$93.8 million.
The 99-year leasehold site was launched for sale on 31 October 2013 and has a land area of 17,284.8 sq m and a maximum GFA of 48,397.44 sq m.
According to the housing board, it could generate 485 residential units.
A decision on the award of the tender will be made after all the bids have been evaluated.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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