The Housing & Development Board (HDB) has awarded Allgreen Properties & Kerry Properties Pasir Ris white site. The two developers owned by Malaysian tycoon Robert Kuok had joint venture and won the highest bid of $700 million, which translated to $684.48 per square foot per plot ratio.
The other 2 bidders are Laguna Garden and Far East Commercial Trustee which both belong to Far East Organization that came up second place of $677.78 million, which worked out to $662.75 psf ppr.
Third bidder is from the Singapore Press Holdings and Kajima Development.
HDB mentioned the transformation in the estate whereby the upcoming development will be comprising a commercial and residential that integrated with a bus interchange, a polyclinic and a town plaza. These will offer seamless connection to public transport services and amenities for residents. The completed development will also serve as a community focal point.
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Pasir Ris 8
Developer: Phoenix Residential Pte. Ltd. / Phoenix Commercial Pte. Ltd.
Developer License No: C1399
UEN No: 201804169G / 201805800K
Mukim Lot: 03173V(PT), 03147N(PT), 03170C(PT)
MK 29 Pasir Ris Drive 3 / Pasir Ris Drive 8 / Pasir Ris Central
Expected TOP: 30 June 2026
Expected CSC: 30 June 2029
