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EC Site Up for Tender

Posted by knockshallbeopened on July 2, 2016
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HDB has released a plot of land at Anchorvale Lane for the development of executive condominium and all this is for sale by public tender. This new executive condominium site for new condo launch at Anchorvale Lane is the only site on the Government Land Sales programme confirmed list for this year.  The 226,199 sq ft plot has a potential yield of 640 residential units with a leasehold tenure of 99 years.  This site will possibly attract 5 to 8 bids with estimated top bid ranging from $183 million to  $197 million working out to be $270 psf ppr and $290 psf ppr respectively.

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