Anchorvale Crescent to be tendered at $255m minimum

HDB accepted a developer’s application for the site at an “acceptable” amount.

HDB has accepted an application from a developer to put up the residential site at Anchorvale Crescent for sale by public tender at a minimum price of $255m or $461 psf ppr.

According to an announcement, HDB will launch the public tender for the executive condominium (EC) site in about three weeks. The tender period for the land parcel will be about five weeks.

The land parcel was first made available for sale on the Reserve List of the 1st Half 2018 Government Land Sales (GLS) Programme on 28 June 2018.

“HDB received an application from a developer for the site to be put up for public tender,” it said. “As the minimum price committed by the developer is acceptable to the government, the site will be released for sale by public tender.”

The site at Anchorvale Crescent has a site area of 17,137 sqm, a permissible gross floor area (GFA) of 51,411 sqm, and a gross plot ratio (GPR) of 3.0. It can be redeveloped to hold a maximum of 550 units.

Huttons Asia head of research Lee Sze Teck commented, “The trigger price of $461 psf ppr speaks volumes of developers’ confidence in the EC market.”

As of June 2018, only 45 EC units remained unsold. “Generally, ECs are fully sold before they obtained their TOP. Hence the risks to developers are seen as lower comparatively,” Lee added.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia