22 May '14, 9pm

Yishun EC tender results revealed #PR

The provisional tender results for two 99-year lease parcels of land for Executive Condominium (ECs) developments in Yishun Street 51 have been released by the Housing Development Board (HDB). The highest bid for the first plot - 17,490.20 sqm with the potential for 490 units - came from Verwood Holdings Pte Ltd and TID Residential Pte Ltd at $178.5 million. This equates to a $psm/GFA of $3,553. JBE Holdings Pte Ltd placed the highest bid for the second plot - 18,260.40 sqm with the potential for 520 units - at $184.13 million which equtes to a $psm GFA of $3,601. The final decision on the award of the tender will be made after the bids have been evaluated, and will be announced at a later date by HDB.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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