Grandeur 8

The ground under it was tendered in 2002. Both ends of that are public; nobody puts them together.

The land under Grandeur 8

HDB put this parcel out to tender and names Grandeur 8 as what was built on it. Everything below is from that tender: the dates, the winning price, and the 8 bids that came in.

  1. Tender launched20 Mar 2002
  2. Tender closed16 Apr 20028 bids received
  3. Awarded18 Apr 2002NTUC Choice Homes Co-operative Ltd & Chip Eng Leong Enterprise Pte Ltd
  4. Winning tenderS$183,988,888HDB 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 S2a Ang Mo Kio Avenue 8/ Avenue 5
Site area
20,000 sq m
Lease
99 yrs
Plot ratio
3.5
Gross floor area
Not published
Sold as
Condominium
Every bid — all 8, as HDB published them
Ranked by amount. The gap column is each bid measured against the winning one — subtraction, not a judgement about whether anyone bid well.
#TendererBidBehind the winner
1NTUC Choice Homes Co-operative Ltd & Chip Eng Leong Enterprise Pte LtdS$183,988,888—
2City Developments LtdS$172,200,000S$11,788,888 · 6.4%
3Sim Lian Land Pte LtdS$172,000,000S$11,988,888 · 6.5%
4Deyrolle Pte LtdS$169,000,000S$14,988,888 · 8.1%
5Tanglin View Pte LtdS$166,666,000S$17,322,888 · 9.4%
6Centrepoint Properties LtdS$158,100,000S$25,888,888 · 14.1%
7CRL Realty Pte LtdS$153,211,888S$30,777,000 · 16.7%
8United Overseas Land Ltd, Russville Pte Ltd & Bali Investment Pte LtdS$135,628,000S$48,360,888 · 26.3%

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 18 Apr 2002 · 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 “Grandeur 8”. This parcel, from tender to today · Every land sale

What has been filed there since

2002 · the groundS$183,988,888HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$1,377median of 89 filed transactions, 2021-09 to 2026-09

Year by year, for a median-sized unit

110–120 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$1,165 (4)—
2022$1,294 (12)+11.1%
2023$1,385 (7)+7.0%
2024$1,418 (8)+2.4%
2025$1,410 (9)-0.6%
2026$1,544 (9)+9.5%

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