Parc Centros

The ground under it was tendered in 2011. Both ends of that are public; nobody puts them together.

The land under Parc Centros

HDB put this parcel out to tender and names Parc Centros as what was built on it. Everything below is from that tender: the dates, the winning price, and the 13 bids that came in.

  1. Tender launched27 Oct 2011
  2. Tender closed15 Dec 201113 bids received
  3. Awarded20 Dec 2011Wee Hur Development Pte Ltd
  4. Winning tenderS$206,200,000S$3,814 per sq m of gross floor area · S$354 per sq ft
Parcel
Punggol S3 Punggol Central/ Punggol Place
Site area
18,019 sq m
Lease
99 yrs
Plot ratio
3
Gross floor area
54,058 sq m
Sold as
Condominium
Every bid — all 13, 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
1Wee Hur Development Pte LtdS$206,200,000—
2Opal Star Pte Ltd and Lum Chang Building Contractors Pte LtdS$200,880,000S$5,320,000 · 2.6%
3Sam Development Pte Ltd / Seletar View Pte LtdS$198,422,000S$7,778,000 · 3.8%
4EL Development Pte LtdS$188,100,000S$18,100,000 · 8.8%
5Oxley Vibrant Pte. Ltd.S$186,888,888S$19,311,112 · 9.4%
6Russville Pte Ltd and Low Keng Huat (Singapore) LimitedS$183,400,000S$22,800,000 · 11.1%
7MCL Land LimitedS$180,000,000S$26,200,000 · 12.7%
8Win Brothers Pte LtdS$179,180,181S$27,019,819 · 13.1%
9Soilbuild Group Holdings LtdS$174,899,000S$31,301,000 · 15.2%
10Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup JV Development Pte LtdS$163,000,000S$43,200,000 · 21.0%
11Mezzo Development Pte LtdS$161,000,000S$45,200,000 · 21.9%
12Ho Lee Group Pte LtdS$154,198,000S$52,002,000 · 25.2%
13Intrepid Investments Pte. Ltd.S$139,520,000S$66,680,000 · 32.3%

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 20 Dec 2011 · 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 “Parc Centros”. This parcel, from tender to today · Every land sale

What has been filed there since

2011 · the groundS$206,200,000S$354 per sq ft of gross floor area
Today · the homes on it$1,456median of 128 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.

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$1,271 (17)—
2022$1,343 (38)+5.7%
2023$1,462 (19)+8.9%
2024$1,545 (15)+5.7%
2025$1,660 (21)+7.4%
2026$1,746 (18)+5.2%

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