Clover By the Park

The ground under it was tendered in 2007. Both ends of that are public; nobody puts them together.

The land under Clover By the Park

HDB put this parcel out to tender and names Clover By the Park as what was built on it. Everything below is from that tender: the dates, the winning price, and the 7 bids that came in.

  1. Tender launched9 May 2007
  2. Tender closed5 Jun 20077 bids received
  3. Awarded12 Jun 2007Sim Lian Land Pte Ltd
  4. Winning tenderS$310,000,000at least S$4,041 per sq m of gross floor area · at least S$375 per sq ft
Parcel
Bishan S13 Bishan Street 22/ Bishan Street 25
Site area
21,916 sq m
Lease
99 yrs
Plot ratio
3.5 ([3.5])
Gross floor area
76,705 sq m (max)
Sold as
Condominium

HDB marks this gross floor area as a maximum, so it is the most that could be built and not what was built. The rate above is therefore the lowest the land can have cost per square foot, not the rate itself.

Every bid — all 7, 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
1Sim Lian Land Pte LtdS$310,000,000—
2CRL Realty Pte Ltd and Wachovia Development CorporationS$306,300,000S$3,700,000 · 1.2%
3GuocoLand (Singapore) Pte LtdS$300,200,000S$9,800,000 · 3.2%
4Kingston Development Pte Ltd and ASPF II Alpha GMBHS$291,870,000S$18,130,000 · 5.8%
5Allgreen Properties Limited and Hoe Seng Company (Pte) LtdS$279,880,000S$30,120,000 · 9.7%
6Choicehomes Investments Pte LtdS$264,288,889S$45,711,111 · 14.7%
7Multi Wealth (Singapore) Pte LtdS$256,055,555S$53,944,445 · 17.4%

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 12 Jun 2007 · 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 “Clover by the Park”. This parcel, from tender to today · Every land sale

What has been filed there since

2007 · the groundS$310,000,000at least S$375 per sq ft of gross floor area
Today · the homes on it$1,722median of 79 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, 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
2021$1,365 (8)—
2022$1,511 (13)+10.7%
2023$1,722 (23)+14.0%
2024$1,835 (12)+6.6%
2025$1,897 (15)+3.4%
2026$1,883 (8)-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.

The rest of it