Central Green Condominium

The ground under it was tendered in 1992. Both ends of that are public; nobody puts them together.

The land under Central Green Condominium

HDB put this parcel out to tender and names Central Green Condominium as what was built on it. Everything below is from that tender: the dates, the winning price, and the 8 bids that came in.

  1. Tender launched29 Nov 1991
  2. Tender closed24 Jan 19928 bids received
  3. Awarded25 Mar 1992Wennin Investment Pte Ltd/Winmost Investment Pte Ltd/Winnest Investment Pte Ltd/Winns Investment Pte Ltd
  4. Winning tenderS$64,300,000HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
Parcel
Bt Merah S3 Tiong Bahru Rd/Jln Membina
Site area
24,913 sq m
Lease
99 yrs
Plot ratio
2.5
Gross floor area
Not published
Sold as
Condominium
Every bid — all 8, 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
1Wennin Investment Pte Ltd/Winmost Investment Pte Ltd/Winnest Investment Pte Ltd/Winns Investment Pte LtdS$64,300,000—
2Allgreen Properties Pte LtdS$57,700,000S$6,600,000 · 10.3%
3Bullion Holdings Pte LtdS$50,400,000S$13,900,000 · 21.6%
4RMA Land Development Pte LtdS$49,110,000S$15,190,000 · 23.6%
5United Overseas Land LtdS$47,000,000S$17,300,000 · 26.9%
6DBS Realty Pte LtdS$42,800,000S$21,500,000 · 33.4%
7First Capital Corporation LtdS$41,966,850S$22,333,150 · 34.7%
8Bonvest Holding LtdS$31,000,000S$33,300,000 · 51.8%

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 25 Mar 1992 · 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 “Central Green”. This parcel, from tender to today · Every land sale

What has been filed there since

1992 · the groundS$64,300,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$1,635median of 50 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$1,409 (4)—
2022$1,483 (5)+5.3%
2023$1,547 (3)+4.3%
2024$1,724 (5)+11.4%
2025$1,742 (4)+1.0%
2026$1,765 (3)+1.3%

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