Coastal Cabana

The ground under it was tendered in 2024. Both ends of that are public; nobody puts them together.

The land under Coastal Cabana

HDB put this parcel out to tender and names Coastal Cabana as what was built on it. Everything below is from that tender: the dates, the winning price, and the 4 bids that came in.

  1. Tender launched16 May 2024
  2. Tender closed1 Aug 20244 bids received
  3. Awarded16 Aug 2024CNQC Realty (Progressive) Pte. Ltd., Forsea Residence Pte. Ltd. and ZACD Laserblue Pte. Ltd.
  4. Winning tenderS$557,000,000S$7,844 per sq m of gross floor area · S$729 per sq ft
Parcel
Pasir Ris E11 Jalan Loyang Besar
Site area
28,406 sq m
Lease
99 yrs
Plot ratio
2.5
Gross floor area
71,014 sq m
Sold as
EC
Every bid — all 4, 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
1CNQC Realty (Progressive) Pte. Ltd., Forsea Residence Pte. Ltd. and ZACD Laserblue Pte. Ltd.S$557,000,000—
2Aster Residential Pte. Ltd. and CSC Land Group (Singapore) Pte. Ltd.S$538,888,888S$18,111,112 · 3.3%
3Sim Lian Land Pte Ltd and Sim Lian Development Pte LtdS$460,858,100S$96,141,900 · 17.3%
4Intrepid Investments Pte. Ltd. and Garden Estates (Pte.) LimitedS$435,704,977S$121,295,023 · 21.8%

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 16 Aug 2024 · 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 “Coastal Cabana”. This parcel, from tender to today · Every land sale

What has been filed there since

2024 · the groundS$557,000,000S$729 per sq ft of gross floor area
Today · the homes on it$1,794median of 619 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.

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