Summerdale

The ground under it was tendered in 1997. Both ends of that are public; nobody puts them together.

The land under Summerdale

HDB put this parcel out to tender and names Summerdale 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 launched28 Mar 1997
  2. Tender closed22 May 199719 bids received
  3. Awarded25 Jun 1997Lum Chang Building Construction Pte Ltd, L C Development Ltd, Waterbank Properties (S) Pte Ltd & Comfort Group Ltd
  4. Winning tenderS$139,000,000HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
Parcel
Jurong West E1 Boon Lay Way
Site area
21,000 sq m
Lease
99 yrs
Plot ratio
2.8
Gross floor area
Not published
Sold as
EC
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
1Lum Chang Bldg Contractors PL, L.C. Development Ltd, Waterbank Properties (S) PL and Comfort Group LtdS$139,000,000—
2Eltech Land Pte Ltd and Sunny Miles LtdS$138,300,000S$700,000 · 0.5%
3Sing Development Pte LtdS$123,003,000S$15,997,000 · 11.5%
4Eyton Pte Ltd and Low Keng HuatS$118,250,000S$20,750,000 · 14.9%
5NTUC Choice Homes Co-operative LtdS$116,890,000S$22,110,000 · 15.9%
6Crystal Heights Investment Pte LtdS$115,830,000S$23,170,000 · 16.7%
7Pidemco Land LtdS$113,988,800S$25,011,200 · 18.0%
8DBS Realty Pte LtdS$113,200,000S$25,800,000 · 18.6%
9Econ International Ltd and Kienta Engineering Construction Pte LtdS$112,080,000S$26,920,000 · 19.4%
10City Developments LtdS$110,280,000S$28,720,000 · 20.7%
11Lend Lease Asia Holdings Pte Ltd & Asia Pacific Investment Co LtdS$106,988,000S$32,012,000 · 23.0%
12Singapore Technologies Construction Pte LtdS$104,000,008S$34,999,992 · 25.2%
13First Capital Corporation Ltd / Sim Lian Holdings Pte Ltd / Guobena Sdn BhdS$101,899,800S$37,100,200 · 26.7%
14Allgreen Properties Ltd / Hoe Seng Co Pte LtdS$101,800,000S$37,200,000 · 26.8%
15Yeo Hiap Seng Ltd / LKN Construction Pte Ltd / Natsteel Properties Pte LtdS$95,328,888S$43,671,112 · 31.4%
16Singapore Piling & Civil Engineering Pte LtdS$91,791,000S$47,209,000 · 34.0%
17Yong Da Properties Pte LtdS$90,088,800S$48,911,200 · 35.2%
18Liang Court Holdings LtdS$86,200,000S$52,800,000 · 38.0%
19Winbell Investment Pte LtdS$79,231,000S$59,769,000 · 43.0%

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 Jun 1997 · 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 “Summerdale”. This parcel, from tender to today · Every land sale

What has been filed there since

1997 · the groundS$139,000,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$970median of 65 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
2023$871 (2)—
2025$987 (1)+13.3%
2026$954 (1)-3.3%

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