Reservoir Villas

The ground under it was tendered in 1994. Both ends of that are public; nobody puts them together.

The land under Reservoir Villas

HDB put this parcel out to tender and names Reservoir Villas 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 launched26 Aug 1994
  2. Tender closed27 Oct 19946 bids received
  3. Awarded9 Dec 1994Habitat Properties Pte Ltd
  4. Winning tenderS$12,000,000HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
Parcel
Bedok S3b Jalan Eunos
Site area
3,345 sq m
Lease
99 yrs
Plot ratio
—
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
1Habitat Properties Pte LtdS$12,000,000—
2LKN Development Pte LtdS$11,700,000S$300,000 · 2.5%
3RDC Land Pte LtdS$10,000,055S$1,999,945 · 16.7%
4Seah Holding Pte LtdS$9,980,000S$2,020,000 · 16.8%
5Tacwealth Investments Pte LtdS$9,732,495S$2,267,505 · 18.9%
6Liang Huat Holding Pte LtdS$8,361,250S$3,638,750 · 30.3%

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 9 Dec 1994 · 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 “Reservoir Villas”. This parcel, from tender to today · Every land sale

What has been filed there since

1994 · the groundS$12,000,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$1,239median of 2 filed transactions, 2021-09 to 2026-09

Year by year, every size at this address

Every size that sold, which is why it moves when the mix of sizes moves and not only when prices do — no single size band here has enough years to stand on its own yet. 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
2024$1,086 (1)—
2026$1,393 (1)+28.3%

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