Bright Hill Drive site gets S$291.5 for top bid

HDB closed the tender for the condo site with 6 bids received.

In a release, the Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Bright Hill Drive for tender on 20 Jun 2012. The tender closed at 12 noon, with UVD Pte. Ltd as top bidder at a tendered price of $291.5 m. FCL Topaz Pte. Ltd., Far East Orchard Limited and Sekisui House, Ltd. followed with $246.8m; Qingjian Realty (South Pacific) Group Pte Ltd with $245.87m; Verspring Properties Pte. Ltd. with $243m; Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup J.V. Development Pte Ltd with $230.87m and Wee Hur Development Pte Ltd with $206.2m.

The 13,437.1 sq m site is on a 99-year lease term. 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.