Who won the Tampines Avenue 10 tender?

The consortium of F.E. Lakeside Pte. Ltd., FCL Topaz Pte. Ltd. and Sekisui House, Ltd clinched the residential site with a bid of $252,777,000.

This translates to a $4,497.81 per sqm of gross floor area, which stands at 56,200 sqm, said the Urban Redevelopment Authority in a release.

Tampines Avenue 10 (Parcel A) attracted only three bidders for the duration of its one-and-a-half month tender in part due to its poor transport locations, according to some property brokerage firms.

The high winning bid, though, has been said to represent the attractiveness of the site for those seeking residential spaces within walking distance of the nearby schools and business parks.

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