Sky Vue
The ground under it was tendered in 2012. Both ends of that are public; nobody puts them together.
The land under Sky Vue
HDB put this parcel out to tender and names Sky Vue as what was built on it. Everything below is from that tender: the dates, the winning price, and the 9 bids that came in.
- Tender launched15 Oct 2012
- Tender closed29 Nov 20129 bids received
- Awarded3 Dec 2012Allamanda Residential Development Pte. Ltd.
- Winning tenderS$505,100,000S$9,181 per sq m of gross floor area · S$853 per sq ft
- Parcel
- Bishan S11a Bishan Street 14
- Site area
- 11,228 sq m
- Lease
- 99 yrs
- Plot ratio
- 4.9
- Gross floor area
- 55,016 sq m
- Sold as
- Condominium
Every bid — all 9, as HDB published them
| # | Tenderer | Bid | Behind the winner |
|---|---|---|---|
| 1 | Allamanda Residential Development Pte. Ltd. | S$505,100,000 | — |
| 2 | Singland Homes Pte. Ltd, UOL Venture Investments Pte. Ltd, ORIX Investment and Management Pte Ltd | S$490,100,000 | S$15,000,000 · 3.0% |
| 3 | 3A FCL Topaz Pte. Ltd., Far East Orchard Limited and China Construction (South Pacific) Development Co. Pte. Ltd. | S$462,000,000 | S$43,100,000 · 8.5% |
| 4 | 3B Pinehill Investments Pte. Ltd. | S$462,000,000 | S$43,100,000 · 8.5% |
| 5 | Acresvale Investment Pte Ltd | S$456,390,000 | S$48,710,000 · 9.6% |
| 6 | MCL Land Limited | S$450,000,000 | S$55,100,000 · 10.9% |
| 7 | Intrepid Investments Pte Ltd, Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd. | S$444,148,000 | S$60,952,000 · 12.1% |
| 8 | Best Desire Investments Limited | S$401,100,000 | S$104,000,000 · 20.6% |
| 9 | Mezzo Development Pte Ltd | S$368,000,000 | S$137,100,000 · 27.1% |
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 3 Dec 2012 · 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 Vue”. This parcel, from tender to today · Every land sale
What has been filed there since
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
| Year | Median psf | Against the year before |
|---|---|---|
| 2021 | $1,843 (7) | — |
| 2022 | $1,899 (15) | +3.0% |
| 2023 | $2,032 (11) | +7.0% |
| 2024 | $2,109 (10) | +3.8% |
| 2025 | $2,212 (9) | +4.9% |
| 2026 | $2,227 (4) | +0.7% |
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.