News: HDB awards Anchorvale Crescent site for $319m

Sep 28, 2018

Location map of the land parcel at Anchorvale Crescent. Source: HDB

The Housing and Development Board has awarded the tender for a land parcel at Anchorvale Crescent to Evia Real Estate (8) and Gamuda (Singapore), after the consortium submitted the highest bid of $319 million.

Launched for sale on 10 August, the 17,137.3 sq m site has a maximum gross floor area of 51,411.90 sq m and a gross plot ratio of 3.0.

It has a leasehold tenure of 99 years and could yield up to 550 housing units.

The tender for the executive condominium site closed on 14 September with seven bids received.

Home buyers looking for Executive Condominiums may like to visit our ListingsProject Reviews and Guides.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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