The Housing & Development Board (HDB) has announced its award of the tender for an Executive Condominium (EC) site at Punggol Way / Punggol Field to FCL Tampines Court Pte Ltd and Keong Hong Construction Pte Ltd.
The two companies jointly submitted the highest bid of S$219.47 million in a public tender that closed on 8 July 2011.
Launched for sale on 26 May, the 99-year leasehold site has a total area of 25,164.2 sq m and a maximum gross floor area (GFA) of 75,492.6 sq m. It has a maximum building height of 64 m above mean sea level and can potentially yield 720 housing units.
The residential site at Punggol Field / Punggol Way is a 20-minute walk from the Punggol bus interchange and MRT station. The site is located near Punggol town centre, where more private housing, public flats, facilities and amenities will be developed in the coming years.
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