HDB Awards DBSS Site In Toa Payoh To Hoi Hup-Led JV

Source : The Business Times, August 22, 2008

The Housing & Development Board on Friday awarded the tender for a Design, Build and Sell Scheme site at Lor 1A Toa Payoh to the top bidder - a consortium comprising Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup JV Development Pte Ltd.

Their winning bid of about $198.82 million works out to about $160 per square foot per plot ratio. The tender closed on Tuesday.