Westville

The ground under it was tendered in 1994. Both ends of that are public; nobody puts them together.

The land under Westville

HDB put this parcel out to tender and names Westville as what was built on it. Everything below is from that tender: the dates, the winning price, and the 3 bids that came in.

  1. Tender launched25 Feb 1994
  2. Tender closed28 Apr 19943 bids received
  3. Awarded12 Sep 1994First Capital Corporation Ltd
  4. Winning tenderS$204,944,000HDB 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 S2b Jurong West Ave 5
Site area
90,237 sq m
Lease
99 yrs
Plot ratio
—
Gross floor area
Not published
Sold as
Condominium
Every bid — all 3, 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
1First Capital Corporation LtdS$204,944,000—
2Tuan Sing Holdings Ltd/Habitat Properties Pte LtdS$155,168,000S$49,776,000 · 24.3%
3Beauty World Properties Pte LtdS$64,182,000S$140,762,000 · 68.7%

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 Sep 1994 · 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 “Westville”. This parcel, from tender to today · Every land sale

What has been filed there since

1994 · the groundS$204,944,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$1,200median of 62 filed transactions, 2021-09 to 2026-09

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$957 (7)—
2022$982 (13)+2.6%
2023$1,258 (13)+28.1%
2024$1,175 (12)-6.6%
2025$1,255 (10)+6.8%
2026$1,376 (7)+9.6%

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