Tuesday, September 04, 2012

Land parcel at Punggol Way/Punggol Walk receives 3 bids

SINGAPORE: The Housing and Development Board (HDB) has received three bids for the land parcel at Punggol Way/Punggol Walk for executive condominium housing development at the close of the tender exercise on Tuesday.


The highest bid was by Qingjian Realty (South Pacific) Group Pte Ltd at S$189,870,000, or S$3,375.86 per square metre (psm).

The second highest bid was by Verspring Properties Pte Ltd S$188,000,000, or S$3,342.61 psm.

Opal Star Pte Ltd and Binjai Holdings Pte Ltd submitted the lowest bid of S$175,880,000, or S$3,127.12 psm.

HDB said a decision on the award of the tender will be made after the bids have been evaluated. The result will be announced at a later date.

View the original article here

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