HDB awards white site in Pasir Ris Central to Allgreen Properties, Kerry Properties tie-up

THE Housing & Development Board has awarded a white site next to Pasir Ris MRT Station to Phoenix Residential Pte Ltd and Phoenix Commercial Pte Ltd. Both companies are owned by a joint venture between Allgreen Properties and Kerry Properties - the two companies are part of the Kuok Group of Companies controlled by Malaysian tycoon Robert Kuok.

The dual envelope concept and price revenue tender for the 99-year leasehold plot closed on Dec 14, 2018, attracting three bids. In line with this vision, HDB adopted a concept and price revenue tender system to shortlist quality development concepts with seamless integration of amenities and well-designed public spaces.

At the second stage, the price envelopes submitted only by the tenderers of the shortlisted concept proposals were opened for consideration. The site is then awarded to the tenderer with the highest bid among the tenderers with shortlisted concept proposals.The three tenderers submitted a concept proposal each. All tenderers were given the opportunity to present their proposals to the CEC.

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