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SINGAPORE : A Housing and Development Board (HDB) site at New Upper Changi Road/Bedok North Drive has attracted 9 bids at the close of its tender on Wednesday.
The highest bid for the mixed commercial and residential site came from a joint bid by two companies - Brilliance Residential and Brilliance Trustee - for S$788.8 million.
That translates to about S$9,051 per square metre per gross floor area.
The next highest bid came from another joint bid by Moon Holdings and UED Capital Venture which bid S$650.8 million.
The site has a land area of 24,902 square metres and a maximum gross floor area of 87,157 square metres.
The state land was launched for public tender on July 2 and has a lease period of 99 years.
HDB said it would decide on the winning bidder at a later date.
- CNA/al
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