Sunday, October 21, 2012

Woodlands EC site awarded for S$150m

The public tender for a land parcel at Woodlands Avenue 6/Woodlands Drive 16 slated for executive condominium (EC) development, has been awarded to Opal Star and Binjai Holdings, said the Housing and Development Board (HDB).

The tie-up offered the highest bid of S$150.18 million for the 16,505.40 sq m site.

Launched for sale on 23 August, the 99-year leasehold site attracted a total of five bids when the tender closed on 9 October.

With an expected yield of 465 EC units, the site has a maximum gross floor area (GFA) of 46,215.12 sq m and gross plot ratio of 2.8. 

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