The site has a leasehold of 99 years and has a gross plot ratio of 2.5. It is earmarked for mixed-use comprising a residential and commercial development integrated with a bus interchange, a community club and a hawker centre.
UOL Group’s indirect joint venture companies (JVCos), Topaz Residential and Topaz Commercial, have won the tender from the Housing & Development Board (HDB) for the integrated residential and commercial site at Tampines Avenue 11.
The tender was awarded at the price of $1.206 billion, or $885 per sq ft per plot ratio (psf ppr) over the land area of 545,511 sq ft.
