Saturday, November 24, 2012

Executive condo site at Pasir Ris gets $207m for top bid

Hao Yuan offered the highest price.

According to a release, the Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Pasir Ris Drive 3 / Pasir Ris Rise for tender on 26 Sep 2012.

The executive condominium site at the intersection of Pasir Ris Drive 3 and Pasir Ris Rise has a 99-year leasehold. It attracted a total of 10 bids with Hao Yuan's $207m bid as the top offer. This is followed by World Class Investments ($206.7), and FCL Tampines Court Pte. Ltd. and Keong Hong Construction Pte Ltd came in third ($202).

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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