Landed · Serangoon Terrace
The ground under it was tendered in 1993. Both ends of that are public; nobody puts them together.
The land under Landed · Serangoon Terrace
HDB put this parcel out to tender and names Landed · Serangoon Terrace as what was built on it. Everything below is from that tender: the dates, the winning price, and the 9 bids that came in.
- Tender launched28 Aug 1992
- Tender closed23 Oct 19929 bids received
- Awarded2 Feb 1993RDC Land Pte Ltd
- Winning tenderS$13,980,239HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
- Parcel
- Serangoon S3f Serangoon Ave 1
- Site area
- 10,829 sq m
- Lease
- 99 yrs
- Plot ratio
- 0.8
- Gross floor area
- Not published
- Sold as
- Condominium
Every bid — all 9, as HDB published them
| # | Tenderer | Bid | Behind the winner |
|---|---|---|---|
| 1 | RDC Land Pte Ltd | S$13,980,239 | — |
| 2 | Creative Investments Pte Ltd | S$10,100,000 | S$3,880,239 · 27.8% |
| 3 | Lido Development Pte Ltd | S$8,970,000 | S$5,010,239 · 35.8% |
| 4 | DBS Realty Pte Ltd | S$7,800,000 | S$6,180,239 · 44.2% |
| 5 | Union Investment Holding Pte Ltd | S$7,477,470 | S$6,502,769 · 46.5% |
| 6 | Chip Tiong Investment Pte Ltd | S$7,149,522 | S$6,830,717 · 48.9% |
| 7 | Island Tamara Holdings Pte Ltd/Wynyark Investment Pte Ltd/Karimun Shipping Pte Ltd | S$5,400,000 | S$8,580,239 · 61.4% |
| 8 | Melodies Ltd | S$4,500,000 | S$9,480,239 · 67.8% |
| 9 | Golden Development Pte Ltd | S$2,614,754 | S$11,365,485 · 81.3% |
What the land cost and what a unit sells for are not two ends of one sum. Between them sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold units. None of those is published for a named project, so this site does not estimate a developer’s cost or margin and no figure here should be read as one.
Source: HDB — Sites Sold by HDB · tender awarded 2 Feb 1993 · transcribed from HDB’s published tables on 2026-08-31 · prices are nominal and are not adjusted for inflation. HDB names the development on this row as “Ardisia Gardens”. This parcel, from tender to today · Every land sale
What has been filed there since
The two ends of this page are not two ends of one sum. Between the tender and the first unit sold sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold stock. None of those is published for a named project, so nothing here estimates a developer’s cost or margin and no figure on this page should be read as one. More on what the site does not publish.