Nuovo

The ground under it was tendered in 2001. Both ends of that are public; nobody puts them together.

The land under Nuovo

HDB put this parcel out to tender and names Nuovo as what was built on it. Everything below is from that tender: the dates, the winning price, and the 1 bids that came in.

  1. Tender launched15 Nov 2000
  2. Tender closed4 Jan 20011 bid received
  3. Awarded1 Feb 2001City Developments Ltd
  4. Winning tenderS$70,000,000HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
Parcel
Ang Mo Kio E2 Ang Mo Kio Ave 6 / Ave 9
Site area
14,489 sq m
Lease
99 yrs
Plot ratio
2.8
Gross floor area
Not published
Sold as
EC

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 1 Feb 2001 · 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 “Nuovo”. This parcel, from tender to today · Every land sale

What has been filed there since

2001 · the groundS$70,000,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$1,147median of 44 filed transactions, 2021-09 to 2026-09

Year by year, for a median-sized unit

140–150 sqm band. Counts in brackets; a year with fewer than 3 filed sales is kept and marked rather than dropped, because a reader can discount a thin year and cannot discount one that was silently removed.
YearMedian psfAgainst the year before
2021$1,129 (1)—
2022$1,161 (1)+2.8%
2023$1,200 (1)+3.4%
2025$1,277 (2)+6.4%

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. Why that is refused.

The rest of it