Casablanca

The ground under it was tendered in 2001. Both ends of that are public; nobody puts them together.

The land under Casablanca

HDB put this parcel out to tender and names Casablanca as what was built on it. Everything below is from that tender: the dates, the winning price, and the 2 bids that came in.

  1. Tender launched18 Apr 2001
  2. Tender closed28 Jun 20012 bids received
  3. Awarded5 Jul 2001Bishan Properties Pte Ltd
  4. Winning tenderS$88,938,000HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
Parcel
Woodlands S6b Rosewood Drive / Woodlands Avenue 2
Site area
25,665 sq m
Lease
99 yrs
Plot ratio
2.1
Gross floor area
Not published
Sold as
Condominium
Every bid — all 2, 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
1Bishan Properties Pte LtdS$88,938,000—
2Centrepoint Properties LtdS$85,838,000S$3,100,000 · 3.5%

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 5 Jul 2001 · 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 “Casablanca”. This parcel, from tender to today · Every land sale

What has been filed there since

2001 · the groundS$88,938,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$1,044median of 87 filed transactions, 2021-09 to 2026-09

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$854 (4)—
2022$952 (15)+11.5%
2023$1,030 (27)+8.2%
2024$1,064 (21)+3.3%
2025$1,109 (12)+4.2%
2026$1,143 (8)+3.1%

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