Yishun land site receives 7 bids

The public tender for a Yishun land parcel located at Miltonia Close has been closed after receiving a total of seven bids.

HDB launched the 27,000 sq m land site at Miltonia Close for sale on July 2. It has a maximum gross floor area of 37,800 sq m and a lease term of 99 years. The site could be developed into HDB flats or strata landed homes.

A joint bid from Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd has emerged as the top bidder for the site, offering $165 million or $405.5 psf ppr.

The second highest bid was $126 million, coming from Master Contract Services Pte Ltd. This was followed by a joint bid between FCL Topaz Ltd. and OPH Marymount Ltd., at $125.319 million, while Intrepid Investments Ltd. offered the lowest bid at $97.88 million.

HDB will evaluate the bids and announce the final results in the next two months.