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Provisional Tender Results For Reserve List Site At Anchorvale Crescent For Executive Condominium Housing Development

  • Published Date: 14 Sep 2018

    The Housing & Development Board (HDB), as the Government’s land sales agent, launched the Reserve List site at Anchorvale Crescent for tender on 10 Aug 2018.

     

    2          The details of the sale site are as follows:

     

    Location Anchorvale Crescent
    Proposed Development Executive Condominium
    Site Area 17,137.3 sq m
    Maximum GFA [GPR] 51,411.90 sq m [3.0]
    Maximum Building Height 64m AMSL
    Maximum No. of Dwelling Units 550*
    Lease Term    99 years
    Project Completion Period 60 months from date of acceptance of tender
    Minimum Price S$255,000,000
    * No. of dwelling units is capped at 550.

     

    3          The tender closed at 12 noon today with 7 bids received. The details of the provisional tender results are below:

     

    S/No Name of Tenderer Tender Price
    ($)
    $psm/GFA         
    ($)
    1 Evia Real Estate (8) Pte Ltd & Gamuda (Singapore) Pte Ltd $318,888,899 6,202.63
    2 CNQC Realty (Treasure) Investment Pte. Ltd. $318,888,000 6,202.61
    3 Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd $307,280,000 5,976.83
    4 Greatview Investment Pte Ltd $303,890,000 5,910.89
    5 Sing Holdings Residential Pte. Ltd. and Changi Properties Pte. Ltd.   $295,100,000 5,739.92
    6 Sim Lian Land Pte Ltd $280,000,000 5,446.21
    7 Anchora Development Pte. Ltd. $277,222,000 5,392.18

     

    4          A decision on the award of the tender will be made after the bids have been evaluated.  This will be announced at a later date.