Whitewater

The ground under it was tendered in 2002. Both ends of that are public; nobody puts them together.

The land under Whitewater

HDB put this parcel out to tender and names Whitewater 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 launched20 Mar 2002
  2. Tender closed23 Apr 20024 bids received
  3. Awarded25 Apr 2002Tanglin View Pte Ltd
  4. Winning tenderS$72,080,000HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
Parcel
Pasir Ris E4 Pasir Ris Street 72
Site area
17,229 sq m
Lease
99 yrs
Plot ratio
2.8
Gross floor area
Not published
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
1Tanglin View Pte LtdS$72,080,000—
2Chappelis Pte Ltd and Prodev Pte LtdS$68,028,000S$4,052,000 · 5.6%
3City Developments LtdS$65,100,000S$6,980,000 · 9.7%
4Centrepoint Properties LtdS$62,889,000S$9,191,000 · 12.8%

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 Apr 2002 · 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 “Whitewater”. This parcel, from tender to today · Every land sale

What has been filed there since

2002 · the groundS$72,080,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$1,038median of 116 filed transactions, 2021-09 to 2026-09

Year by year, for a median-sized unit

100–110 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$868 (6)—
2022$894 (19)+3.0%
2023$1,034 (7)+15.7%
2024$1,102 (17)+6.6%
2025$1,122 (9)+1.8%
2026$1,115 (11)-0.6%

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