The provisional tender results for two 99-year lease parcels of land for Executive Condominium (ECs) developments in Yishun Street 51 have been released by the Housing Development Board (HDB).

The highest bid for the first plot – 17,490.20 sqm with the potential for 490 units – came from Verwood Holdings Pte Ltd and TID Residential Pte Ltd at $178.5 million. This equates to a $psm/GFA of $3,553.

JBE Holdings Pte Ltd placed the highest bid for the second plot – 18,260.40 sqm with the potential for 520 units – at $184.13 million which equtes to a $psm GFA of $3,601.

The final decision on the award of the tender will be made after the bids have been evaluated, and will be announced at a later date by HDB.