Condo site in Hougang awarded to Sim Lian

A land parcel at Hougang Avenue 7 has been awarded to property developer Sim Lian Land Ltd after it offered the highest bid in a public tender that closed on September 17.

The firm offered $160 million, beating other developers during a public tender for the site conducted by HDB.

The 99-year leasehold site is proposed for condominium housing. It has a total site area of 15,630.4 sq m and a maximum gross floor area of 43,765.12 sq m with a gross plot ratio of 2.8.