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A land parcel at Woodgrove Avenue has been awarded to Tampines Court Ltd after it offered the highest bid of $105.12 million in a public tender that closed on November 4.
The site has a total land area of 20,956.30 sq m and has a maximum allowable gross floor area of 29,338.82 sq m with a gross plot ratio of 1.4. HDB said the land site is slated for strata housing or condominium development, which could potentially yield up to 265 units depending on the type of proposed development.
The 99-year leasehold site is strategically located within Woodlands Town. It is served by major roads and expressways like the BKE and SLE, and with shopping, dining and recreational amenities present in the area, including Woodgrove shopping centre, Woodlands Civic Centre, Causeway Point shopping mall, Woodlands Stadium and Woodlands Sports Hall.
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November 2010 Property News
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Reader Comments: (2 comments)
i guess it will raise the profile of the nearby rosewood suites.
the site is very well located. the future development to arise here will likely become a hit, making the site a good investment for the company winning the bid.