Nine bids were received for the sale of the 99-year leasehold land parcel located at Bedok P1 at New Upper Changi Road / Bedok North Drive, as the tender closed at noon today.

The highest bid for the mixed commercial and residential development integrated with a bus interchange, was $788,888,888 from Brilliance Residential (1) Pte. Ltd. and Brilliance Trustee Pte. Ltd, which is a wholly owned subsidiary of CapitaLand Ltd.   

Other bidders include Moon Holdings Pte. Ltd. and UED Capital Venture Pte. Ltd.; Emerald Star Pte Ltd and FC Retail Trustee Pte Ltd; Keppel Land Realty Pte Ltd / Jewel Development Pte. Ltd.; Trimost Development Pte. Ltd. and Trifort Investments Pte. Ltd.; United Venture Development Pte. Ltd. and United Venture Investments Pte. Ltd.; Gold Yield Pte. Ltd. and East Peak Development Pte. Ltd.;Choice Homes Zeta Pte Ltd and The R Hub Pte Ltd; and Sim Lian Land Pte Ltd & Sim Lian Development Pte Ltd.

After evaluating the tender bids, the Housing and Development Board (HDB) will announce the final tender results within the next two weeks.