A residential site which is located at the junction of Toa Payoh Lorong 4 and 6 was released for sales by Housing Development Board (HDB) on April 2015. The site which can house up to 500 over residential units attracted an overwhelming response from 14 group of developers.
Toa Payoh Site
The tender was awarded to Evia Real Estate and Gamuda Berhad at a bidded price of $345 millions. (estimated to be at about $755 psf ppr). The property market in Singapore might have soften in the recent year, however the strong interest drawn for this site has once again proven that there is still a strong demand in lands for developers especially for developments that are sited in a mature housing estate.
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