Sky Habitat

The ground under it was tendered in 2011. Both ends of that are public; nobody puts them together.

The land under Sky Habitat

HDB put this parcel out to tender and names Sky Habitat as what was built on it. Everything below is from that tender: the dates, the winning price, and the 19 bids that came in.

  1. Tender launched21 Jan 2011
  2. Tender closed24 Feb 201119 bids received
  3. Awarded28 Feb 2011Bishan Residential Development Pte. Ltd.
  4. Winning tenderS$550,100,000S$9,358 per sq m of gross floor area · S$869 per sq ft
Parcel
Bishan S11 Bishan Street 14
Site area
11,997 sq m
Lease
99 yrs
Plot ratio
4.9
Gross floor area
58,786 sq m
Sold as
Condominium
Every bid — all 19, 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
1Bishan Residential Development Pte. Ltd.S$550,100,000—
2Keppel Land Realty Pte LtdS$432,330,000S$117,770,000 · 21.4%
3MCC Land (Singapore) Pte LtdS$427,800,000S$122,300,000 · 22.2%
4Sunmaster Holdings Pte. Ltd.S$418,000,000S$132,100,000 · 24.0%
5Qingdao Construction (Singapore) Pte LtdS$400,670,000S$149,430,000 · 27.2%
6Siong Feng Development Pte LtdS$399,288,888S$150,811,112 · 27.4%
7BRDB (S) Pte. Ltd. And Novelty Corp Pte LtdS$380,000,000S$170,100,000 · 30.9%
8Intrepid Investments Pte Ltd and TID Residential Pte. LtdS$367,003,000S$183,097,000 · 33.3%
9MCL Land Limited and City Top Investments LimitedS$363,840,000S$186,260,000 · 33.9%
10Allgreen Properties LimitedS$333,890,000S$216,210,000 · 39.3%
11FCL Topaz Pte. Ltd., Far East Civil Engineering (Pte.) Limited and Sekisui House, LtdS$321,777,000S$228,323,000 · 41.5%
12Tong Eng Brothers Pte Ltd, Clarus Corporation Pte Ltd and Lum Chang Building Contractors Pte LtdS$320,000,000S$230,100,000 · 41.8%
13Winbelle Investment Pte. Ltd. And Maxdin Pte LtdS$303,729,600S$246,370,400 · 44.8%
14Evia Real Estate (I) Pte LtdS$284,746,608S$265,353,392 · 48.2%
15Sim Lian Land Pte LtdS$268,000,000S$282,100,000 · 51.3%
16First Changi Development Pte LtdS$260,800,000S$289,300,000 · 52.6%
17Plan Achieve LimitedS$256,478,888S$293,621,112 · 53.4%
18Teneriffe Development Pte LtdS$240,452,600S$309,647,400 · 56.3%
19Leng Hoe Development Pte. Ltd.S$213,000,000S$337,100,000 · 61.3%

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 28 Feb 2011 · 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 “Sky Habitat”. This parcel, from tender to today · Every land sale

What has been filed there since

2011 · the groundS$550,100,000S$869 per sq ft of gross floor area
Today · the homes on it$1,802median of 105 filed transactions, 2021-09 to 2026-09

Those two are not the same square foot. Gross floor area includes what nobody buys — the corridors, the car park, the plant rooms — so the land rate is spread across more area than a unit is sold by. The ratio is arithmetic on two published figures and is not a return, a profit, or an appreciation.

Year by year, for a median-sized unit

100–110 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$1,531 (1)—
2022$1,710 (1)+11.7%
2023$1,789 (1)+4.6%
2024$1,772 (3)-1.0%

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