by OrangeTee & Tie Pte Ltd.

HDB awards Tampines EC site for $422mil



Singapore, 04 Aug 2021

The tender for the executive condominium (EC) site at Tampines Street 62 has been awarded to a joint venture between Qingjian Realty and Santarli Construction, which submitted the highest bid of $422 million, revealed the HDB on Tuesday (3 August).

The price works out to a land rate of $659 per sq ft per plot ratio (psf ppr).

Nicholas Mak, ERA Singapore’s Head of Research and Consultancy, noted that it is the “highest land rate to be paid for an EC site in the history of this type of housing”.

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