According to HDB, Yishun Avenue is growing into both a commercial and residential site which has attracted 5 bids after its tender closed.

This site covers about 9,759.80 sqm and was launched for sale in the month of October 2014. The maximum gross floor area (GFA) covers 27,327.44 sqm with a plot ratio of 2.8.

Bellewoods EC

Northern Resi and Northern Retail placed the highest bid at $185.09 million which is about $6,773 gross floor area for Bellewoods.

Coming in close with the second bid was KBD Ventures and Changi Properties with a bid of $181.6 million. Lastly, the lowest bid at $94.5 million was placed on the table by KSH Land Developers.

According to Desmond Sim who is the CBRE research head, these price bids will remain subdues if the current market conditions remain constant in Bellewoods.

Bellewoods EC Woodlands

It is important to notice that with the neighboring …