La Casa
The ground under it was tendered in 2004. Both ends of that are public; nobody puts them together.
The land under La Casa
HDB put this parcel out to tender and names La Casa as what was built on it. Everything below is from that tender: the dates, the winning price, and the 6 bids that came in.
- Tender launched12 May 2004
- Tender closed8 Jun 20046 bids received
- Awarded15 Jun 2004Tanglin View Pte Ltd
- Winning tenderS$80,900,000S$1,613 per sq m of gross floor area · S$150 per sq ft
- Parcel
- Woodlands E3 Woodlands Dr 16 / Woodlands Dr 53
- Site area
- 17,915 sq m
- Lease
- 99 yrs
- Plot ratio
- —
- Gross floor area
- 50,162 sq m
- Sold as
- EC
Every bid — all 6, as HDB published them
| # | Tenderer | Bid | Behind the winner |
|---|---|---|---|
| 1 | Tanglin View Pte Ltd | S$80,900,000 | — |
| 2 | Sim Lian Land Pte Ltd | S$74,520,000 | S$6,380,000 · 7.9% |
| 3 | Peak Homes Development Pte Ltd & Domitian Investment Pte Ltd | S$73,000,000 | S$7,900,000 · 9.8% |
| 4 | Rivaldo Investments Pte Ltd | S$70,000,000 | S$10,900,000 · 13.5% |
| 5 | Centrepoint Properties Ltd | S$68,100,000 | S$12,800,000 · 15.8% |
| 6 | NTUC Choice Homes Co-Operative Ltd & Chip Eng Leong Enterprise Pte Ltd | S$59,398,000 | S$21,502,000 · 26.6% |
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 15 Jun 2004 · 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 “La Casa”. 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.
Year by year, for a median-sized unit
| Year | Median psf | Against the year before |
|---|---|---|
| 2021 | $785 (4) | — |
| 2022 | $851 (11) | +8.4% |
| 2023 | $974 (5) | +14.5% |
| 2024 | $1,008 (10) | +3.5% |
| 2025 | $1,054 (5) | +4.6% |
| 2026 | $1,052 (7) | -0.2% |
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.