The housing board has awarded a residential site (pictured) at Sims Drive to First Changi Development, a unit of GuocoLand.
The developer had submitted the top bid of $530.9 million for the 23,900.1 sqm plot when the tender closed yesterday.
Offered on a 99-year lease, the land parcel could be developed into a condominium or flats.
Located close to Aljunied MRT station and the upcoming Paya Lebar commercial hub, the site could generate 900 units.
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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