Photo from HDB

Sim Lian bags tender for Tampines Street 62 site for $543.28m

HDB launched the tender for the land parcel on 14 March.

The Housing & Development Board (HDB) has awarded the tender for the land parcel at Tampines Street 62 (Parcel B) to Sim Lian Land and Sim Lian Development.

Sim Lian won the tender with a $543.28m bid.

The Tampines Street 62 site has an area of 28,000.2 square metres (sqm) and a maximum gross floor area (GFA) of 70,001 sqm.

The winning developer will build a 700-unit executive condominium housing at the site. HDB expects the project to be completed 60 months after the developer accepts the tender.

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