The Housing Development Board (HDB) has awarded an executive condominium (EC) site at Choa Chu Kang Drive to Camborne Developments.

The developer offered the highest bid of S$170.10 million for the site in a public tender that closed on 22 March.

This works out to around S$321 psf ppr and translates to a breakeven cost of around S$650 psf.

The site has a total area of 17,589.8 sq m and a maximum gross floor area (GFA) of 49,251.44 sq m, with a gross plot ratio of 2.8. HDB said the development for the site can yield up to 490 housing units, with a leasehold period of 99 years.