Plantation Close EC site at Tengah awarded to Hoi Hup Realty and Sunway Developments at record $703 psf ppr
Plantation Tengah EC is the first to use a modified concept and price revenue tender system. Under this system, developers have the option to submit an alternative bid on top of a base Prefabricated Prefinished Volumetric Construction (PPVC) bid. The alternative bid may utilise a non-PPVC technology or a hybrid of construction technologies that result in specified productivity improvement.
PPVC bids will automatically qualify for the tender evaluation, while any alternative bid will require the submission of a write-up to demonstrate the feasibility of the proposal. A Concept Evaluation Committee chaired by the Building Construction Authority will assess whether the alternative bids can reasonably fulfil the productivity improvement requirements before they can be considered as qualifying bids to proceed with the tender evaluation.
Project Information
Plantation EC
Plantation Close
Address
Plantation Close
District
23
Developer
TBA
Tenure of Land
99 years tenure
Site Area
16,441.2 m2
Plot Ratio
2.8
Expected TOP Date
TBA
Expected Date of Legal Completion
TBA
No of units
~495 units
No of Carparks
TBA
- Walking distance to Tengah Park & Bukit Batok West MRT station on the future Jurong Region Line and also close to Tengah's future car-free town centre
- Close to the Jurong Innovation District, Jurong Lake District & Tengah New Town for future potential growth
- Comprehensive full condo facilities
- Functional and efficient unit layout, 4 units per floor for exclusive lifestyle
- Limited supply of EC available in market especially in the vicinity, First Mover Advantage
- Only the privileged eligible to get the dream home
- Income ceiling increased to $16,000
- Enjoy CPF Grant up to $30,000 for first timer
- No Additional Buyer Stamp Duty for existing HDB owners
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Plantation EC is expected to yield about 495 units. This is the second EC site that has been released in the future Tengah town. The first site was Copen Grand which was launched in October 2022 and fully sold out by the following month. Plantation is walking distance to Tengah Park & Bukit Batok West Future MRT Station.
Hoi Hup Realty Pte Ltd
Established since 1983, Hoi Hup Realty Pte Ltd, a dynamic property developer who has since completed over 900 quality homes and currently has a pipeline of more than 500 private residential units at different stages of development. Our sell-out projects including The Ford @ Holland, Suites @ Cairnhill and Waterford Residence indicated that our developments were well-received by the market.
An eye for details and years of experience in the industry, our people have gained knowledge of the properties we develop. This knowledge enables us to increase our effectiveness and to deliver a high level of quality and innovative products to our home buyers.
Achieving high standards of building excellence has made us well-attuned to the changing needs of clients. We have also been awarded the Best Buildable Design Award 2007 Merit for De Royale Condominium from Building and Construction Authority. With a disciplined vision and a strong philosophy to develop properties that offer the highest level of style, functionality and innovation within prime and strategic locations, Hoi Hup’s dedication is matched by its commitment to exceptional workmanship and excellent value. Luxurious interiors and imaginative designs are the signature mark of all our developments. We, at Hoi Hup, are driven to innovate and set new standards as the niche developer that caters to a wide range of markets today and tomorrow. Flynn Park sold en bloc for S$371m to Hoi Hup-Sunway joint venture in Sept 2021.
Sunway Developments Pte Ltd
Sunway Developments Pte Ltd Sunway is a wholly subsidiary of Sunway Concrete Products (S) Pte Ltd, a Sunway Group company; The Malaysia conglomerate core businesses include property development and investment, real estate REIT, design and build construction, building materials, leisure, and education, information technology and hospitality. Having received accolades from international bodies like FIABCI and IFAWPCA, they have also forged strategic partnerships with global investors such of Government Investment Corporation of Singapore (GIC), Malaysian Provident Fund (EPF), Kuwait Finance House (KFH) and Goldman Sachs, Sunway Reit is also the largest Malaysia Reit in terms of assent size as well as free float.
One of Singapore’s leading concrete precasters in Singapore, the company has projects in both public and private sectors, and has worked on several Design & Build Projects such as lkea @ Tampines and The Meadows at Punggol, Design-Build-Sell-Scheme on R&D exercise to implement innovative products such as prefabricated toilet systems and lift upgrading to cater to the needs of the ever-changing market. The existing projects are Terra Hill at Pasir Panjang & The Continuum at Thiam Siew Avenue.
Developer track record
