HDB awards Westwood Ave EC site to highest bidder

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The Housing & Development Board (HDB) has awarded the tender for an executive condominium (EC) site at Westwood Avenue to Changi Properties and Heeton Homes after they submitted the highest bid of S$198.9 million.

Launched for sale on 31 October, the site has attracted 12 bids during its tender. Offered on a 99 year-lease, the plot has a land area of 17,284.8 sq m and a maximum gross floor area of 48,397.44 sq m.

HDB said that the site could yield 485 residential units.


Source copied from: http://www.propertyguru.com.sg/property-management-news/2014/1/37167/hdb-awards-westwood-ave-ec-site-to-highest-bidder