Rivelle Tampines
The ground under it was tendered in 2024. Both ends of that are public; nobody puts them together.
The land under Rivelle Tampines
HDB put this parcel out to tender and names Rivelle Tampines as what was built on it. Everything below is from that tender: the dates, the winning price, and the 5 bids that came in.
- Tender launched22 Aug 2024
- Tender closed24 Oct 20245 bids received
- Awarded8 Nov 2024Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd
- Winning tenderS$465,000,000S$8,271 per sq m of gross floor area · S$768 per sq ft
- Parcel
- Tampines E18 Tampines Street 95
- Site area
- 22,489 sq m
- Lease
- 99 yrs
- Plot ratio
- 2.5
- Gross floor area
- 56,223 sq m
- Sold as
- EC
Every bid — all 5, as HDB published them
| # | Tenderer | Bid | Behind the winner |
|---|---|---|---|
| 1 | Sim Lian Land Pte Ltd and Sim Lian Development Pte Ltd | S$465,000,000 | — |
| 2 | SNC2 Realty Pte. Ltd., Apex Asia Alpha Investment Two Pte. Ltd., Kay Lim Realty Pte. Ltd., and Heeton Homes Pte. Ltd. | S$457,520,000 | S$7,480,000 · 1.6% |
| 3 | Sing Holdings Limited | S$439,550,000 | S$25,450,000 · 5.5% |
| 4 | CSC Land Group (Singapore) Pte. Ltd. | S$438,758,670 | S$26,241,330 · 5.6% |
| 5 | Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. | S$425,700,000 | S$39,300,000 · 8.5% |
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 8 Nov 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 “Rivelle Tampines”. This parcel, from tender to today · Every land sale
What has been filed there since
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
- Every filed transaction at Rivelle TampinesThe full record — price history, floor premium, what a sale would net
- Every land sale since 1993441 URA sites and 216 from HDB, with every losing bid that was published
- Why there is no margin on this pageWhat sits between the two ends, and why none of it is published