HDB has awarded the tender for a land parcel at Anchorvale Crescent (pictured) in Sengkang East to Sim Lian Land after it submitted the top bid of $157.8 million.
Launched for tender on 18 November 2014, the 99-year leasehold site has an area of 17,450.10 sq m with a maximum gross floor area of 52,350.30 sq m and a gross plot ratio of 3.0.
Zoned for Executive Condominium (EC) housing, is expected to yield up to 525 housing units.
Located near Cheng Lim LRT station, the upcoming EC will be near Bellewaters, an EC project by Qingjian Realty.
The site attracted three bidders after the tender closed last month, after the government extended the deadline to submit bids for the site so that developers would have more time to study a new condition set by the Land Transport Authority (LTA).
Image source: HDB
Muneerah Bee, Senior Journalist at PropertyGuru, wrote and edited this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
