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Sim Lian Land wins Choa Chu Kang EC site

SINGAPORE — Sim Lian Land has won the tender for a hotly contested executive condominium (EC) site at Choa Chu Kang Drive, edging out seven other bids with its highest offer of S$207.4 million, the Housing and Development Board said today (Sept 9).

SINGAPORE — Sim Lian Land has won the tender for a hotly contested executive condominium (EC) site at Choa Chu Kang Drive, edging out seven other bids with its highest offer of S$207.4 million, the Housing and Development Board said today (Sept 9).

Sim Lian’s top bid works out to about S$361 per square foot per plot ratio (psf ppr) for the 205,138 sqf site.

The 99-year leasehold plot close to Choa Chu Kang MRT Station has a plot ratio of 2.8 and can yield a maximum gross floor area of 574,388 sqf, or an estimated 535 dwelling units.

Analysts said the response received for this particular site shows optimism towards the EC market, despite the general softness in the housing market.

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