Gabriel Villas

The ground under it was tendered in 1993. Both ends of that are public; nobody puts them together.

The land under Gabriel Villas

HDB put this parcel out to tender and names Gabriel Villas as what was built on it. Everything below is from that tender: the dates, the winning price, and the 11 bids that came in.

  1. Tender launched28 Aug 1992
  2. Tender closed23 Oct 199211 bids received
  3. Awarded2 Feb 1993RDC Land Pte Ltd
  4. Winning tenderS$3,873,000HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
Parcel
Serangoon S3e Serangoon Ave 1
Site area
3,000 sq m
Lease
99 yrs
Plot ratio
0.8
Gross floor area
Not published
Sold as
Condominium
Every bid — all 11, 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
1RDC Land Pte LtdS$3,873,000—
2Seah Holdings Pte LtdS$3,526,100S$346,900 · 9.0%
3Hoi Hup Realty Pte LtdS$3,180,000S$693,000 · 17.9%
4United Consultants Pte LtdS$2,880,000S$993,000 · 25.6%
5Tayew Development Pte LtdS$2,750,000S$1,123,000 · 29.0%
6Ho Bee Investment Pte LtdS$2,426,000S$1,447,000 · 37.4%
7Creative Investments Pte LtdS$2,200,000S$1,673,000 · 43.2%
8Lido Development Pte LtdS$2,000,000S$1,873,000 · 48.4%
9K K Development Pte LtdS$1,950,000S$1,923,000 · 49.7%
10Island Tamara Holdings Pte Ltd/Wynyark Investment Pte Ltd/Karimun Shipping Pte LtdS$980,000S$2,893,000 · 74.7%
11Golden Development Pte LtdS$540,983S$3,332,017 · 86.0%

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 2 Feb 1993 · 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 “Babriel Villas”. This parcel, from tender to today · Every land sale

What has been filed there since

1993 · the groundS$3,873,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$869median of 1 filed transactions, 2021-09 to 2026-09

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