A residential site at Choa Chu Kang Avenue 5 slated for executive condominium (EC) development has been awarded to a consortium comprising Qingjian Realty (Residential), Suntec Property Ventures and Bohai Investments (Sengkang), after the developers submitted the top bid of $156 million or $295 per square foot per plot ratio (psf ppr) in the tender, revealed the housing board.
Launched for sale on 19 May 2015, the site attracted healthy interest with a total of 11 bids.
The 176,379 sq ft plot has a maximum gross floor area of 529,136 sq ft and plot ratio of 3.0. It could yield about 490 EC units.
Offered on a 99-year lease, the site is within proximity to Sunshine Place shopping centre and Chua Chu Kang Primary School.
Source: HDB
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
