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Provisional Tender Results for land parcel at Punggol Field Walk for Condominium Housing Development

Date issued : 01 Sep 2011

The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Punggol Field Walk for tender on 29 Jun 2011.

The details of the sale site are as follows:
LocationPunggol Field Walk
Proposed DevelopmentCondominium Housing
Site Area14,344.0 sq m
Maximum GFA [GPR]48,769.6 sq m [3.4]
Maximum Building Height64m AMSL
Estimated Dwelling Units550
Lease Term99 years
The tender closed at 12 noon today with 8 bids received. The details of the provisional tender results are below:

S/N
Name of Tenderer
Tender Price ($)
$psm/GFA ($)
1
Capital Development Pte Ltd / ZACD Investments Pte Ltd
$169,559,000
$3,476.74
2
FCL Topaz Pte. Ltd., Far East Civil Engineering (Pte.) Limited & Sekisui House, Ltd.
$163,000,000
$3,342.25
3
Leng Hoe Development Pte. Ltd.
$161,800,000
$3,317.64
4
Allgreen Properties Limited
$160,080,000
$3,282.37
5
EL Development Pte Ltd
$142,000,000
$2,911.65
6
Heeton Capital Pte. Ltd.
$140,800,000
$2,887.04
7
Intrepid Investments Pte. Ltd.
$120,738,880
$2,475.70
8
Wee Hur Development Pte Ltd
$126,000,000
$2,583.58
A decision on the award of the tender will be made after the bids have been evaluated. This will be announced at a later date.

Comments

Jessica said…
The site has been awarded to Capital Development Pte Ltd / ZACD Investments Pte Ltd, at the tender price of $169,559,000 on 7 Sep 2011.

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Punggol BTO Project Details

BTO ProjectBlock No.Release DateCompletion DateNo. of UnitsInitial Launch PriceEdgedale Green632A-C, 633A-B, 635A-C, 636A-BDec 2002Dec 2006582$141,000 - $170,000Periwinkle195A-EDec 2002Dec 2006450$152,000 - $183,000Sundial167A-D, 168A-D, 169A-DSep 2003Sep 2007425$138,000 - $178,000Punggol Anthias
(cancelled)612A-D, 613A-DDec 2004-134$101,000 - $185,000Coralinus 1301A-C, 303A-CJun 2005Jun 2009369$169,000 - $206,000Coralinus 2301D, 303D, 302A-DFeb 2006Feb 2010365$182,000 - $220,000Treelodge305A-D, 306A-DMar 2007Mar 201198$139,000 - $383,000Punggol Vista601A-D, 602A-CAug 2007Aug 2011105$75,000 - $227,000Punggol Lodge603A-D, 604A-COct 2007Oct 201152$122,000 - $234,000Damai Grove
(Punggol Anthias)612A-D, 613A-DDec 2007Dec 201162$123,000 - $240,000Punggol Spring614A-B, 615A-CFeb 2008Feb 2012476$204,000 - $259,000