Baywater

The ground under it was tendered in 2000. Both ends of that are public; nobody puts them together.

The land under Baywater

HDB put this parcel out to tender and names Baywater as what was built on it. Everything below is from that tender: the dates, the winning price, and the 6 bids that came in.

  1. Tender launched4 Oct 2000
  2. Tender closed30 Nov 20006 bids received
  3. Awarded20 Dec 2000Allgreen Properties Limited / Overdale Pte Ltd
  4. Winning tenderS$63,830,000HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
Parcel
Bedok S15 Bedok Reservoir Rd / Bedok North Ave 3
Site area
10,537 sq m
Lease
99 yrs
Plot ratio
2.5
Gross floor area
Not published
Sold as
Condominium
Every bid — all 6, 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
1Allgreen Properties Ltd & Overdale Pte LtdS$63,830,000—
2Wingrand Investment Pte LtdS$61,220,000S$2,610,000 · 4.1%
3Sino Holdings (Singapore) Pte LtdS$59,818,000S$4,012,000 · 6.3%
4Centrepoint Properties LtdS$55,200,000S$8,630,000 · 13.5%
5Ho Bee Developments Pte LtdS$51,180,000S$12,650,000 · 19.8%
6Torbernite Pte LtdS$48,939,779S$14,890,221 · 23.3%

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 20 Dec 2000 · 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 “Baywater”. This parcel, from tender to today · Every land sale

What has been filed there since

2000 · the groundS$63,830,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$1,260median of 44 filed transactions, 2021-09 to 2026-09

Year by year, for a median-sized unit

120–130 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$1,092 (1)—
2022$1,099 (3)+0.6%
2023$1,228 (4)+11.7%
2024$1,404 (1)+14.3%
2025$1,382 (1)-1.6%
2026$1,444 (3)+4.5%

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