The Housing and Development Board (HDB) has awarded the tender for a mixed residential-commercial site (pictured) at Yishun Ring Road / Yishun Avenue 9 to CEL Property.
Launched for sale on 27 November 2012, the 95,350 sq ft site has a maximum gross floor area of 266,980 sq ft and plot ratio of 2.8.
CEL Property submitted the highest bid of S$212.1 million, beating out 12 other bidders.
Offered on a 99-year lease, the land parcel could yield about 160 housing units.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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