FOUR developers submitted bids for a Housing Board site for condominium housing at Upper Serangoon View, in Hougang.

The top bid of $156.8 million came jointly from FCL Topaz Pte Ltd, Far East Civil Engineering (Pte) Ltd and Sekisui House Lted.

This works out to about $3,446 per sqm of the gross floor area of 45,501 sq m.

The next highest bid of $152.8 million was put in by Centurion Re Pted Ltd, followed by $147.8 million from Ladyhill (Pte) Lted and $136.4 million from Grand Isle Holdings Pte Ltd.

The 99-year leasehold land can yield about 540 condominium flats.

4 bid for Hougang condo site