The Housing and Development Board (HDB) has announced that a land parcel at Lorong 6 Toa Payoh and Lorong 4 Toa Payoh which attracted strong interest from developers with 14 bids in total, has been awarded to a consortium comprising Evia Real Estate, Greatearth Pte Ltd and Gamuda Berhad.
The developers had submitted the highest bid of $345.86 million, which translates to around $755 psf.
Launched for sale on 29 April 2015, the 130,831 sq ft site has a maximum gross floor area of 457,909 sq ft and plot ratio of 3.5.
The 99-year leasehold site is located close to Braddell MRT station and is expected to yield 535 housing units.
Image: Map of Toa Payoh site. (Source: HDB)
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
