Source : The Straits Times, Oct 24, 2007
THE Housing and Development Board is inviting tenders for a 14,000 sq m condominium housing site at Elias Road in Pasir Ris.
The HDB is selling the land under the Confirmed List of the Government Land Sales Programme.
The maximum gross floor area for the 99-year parcel is 42,378.9 sq m.
Tender closes on Dec 18.
In late July, the HDB offered a 6,000 sq m condo site in Ang Mo Kio Ave 8 under the Reserve List System.
The land which is near Ang Mo Kio Hub was bidded for a record $202.9 million or $601 psf by Far East Organisation.
Far East's break-even cost is estimated to be around $900 to $1,000 psf, which means apartments will likely be priced at a record $1,000 to $1,200 psf.
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