The housing board has awarded a residential site (pictured) at Sims Drive to First Changi Development, a unit of GuocoLand.

The developer had submitted the top bid of $530.9 million for the 23,900.1 sqm plot when the tender closed yesterday.

Offered on a 99-year lease, the land parcel could be developed into a condominium or flats.

Located close to Aljunied MRT station and the upcoming Paya Lebar commercial hub, the site could generate 900 units.

Image source: HDB

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

 

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