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HDB Awards Anchorvale Crescent Site For $319m

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.

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