Meet the growing demand for luxury apartments by opening more properties

Bye While some government land tenders this year have met with a lukewarm response, the Housing and Development Board’s (HDB) tender for a 99-year executive condominium (EC) site that could build around 560 homes at 95 Tampines Street has attracted five bidders and one top Sima Lian’s bid was S$465 million or about S$768 per square foot per site (PSF per person).

The two highest prices in the tender, which ended on October 24, broke the record of S$729 psf for the EU plot at Jalan Loyang Besar in Pasir Ris, which was awarded to CNQC International. China Communications Construction Company and ZACD in August.