Punggol Central condo site attracts 13 bids

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The HDB has closed the tender for a 99-year leasehold site located along Punggol Central/Punggol Place, with a total of 13 bids received.

Wee Hur Development Pte Ltd offered the top bid of S$206.20 million, or S$3,814.41 psm of gross floor area (GFA).

A consortium comprising Opal Star Pte Ltd and Lum Chang Building Contractors Pte Ltd submitted the second highest offer of S$200.88 million, or S$3,715.99 psm of GFA.

The other bids range between S$139.52 million and S$198.42 million.

Launched for sale on 27 October 2011, the site has a total area of 18,019.4 sq m and a maximum GFA of 54,058.2 sq m. It is zoned for condominium development, which can yield some 540 housing units with a maximum building height of 64m above mean sea level (AMSL).

The tender’s final result will be announced after all the bids have been evaluated.

Meanwhile, SCB Terraform Pte Ltd clinched the tender for a 12,893.4 sq m residential site along Chestnut Avenue/Almond Avenue.

The firm submitted the highest offer of S$70.83 million (S$5,493.74 psm of site area), in a tender that closed on 8 December 2011.

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