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First EC Tender Under New Rules Draws Record-High Bid From Developers

The 13-bid tender beat analyst forecasts and set a new EC land-price benchmark, with the site expected to yield about 185 homes.

Summary by Channel News Asia
The Housing and Development Board (HDB) had changed the rules for ECs in hopes that it would drive down developers’ bids.

3 Articles

Channel News AsiaChannel News Asia
Center

First EC tender under new rules draws record-high bid from developers

The Housing and Development Board (HDB) had changed the rules for ECs in hopes that it would drive down developers’ bids.

·Singapore, Singapore
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The Straits TimesThe Straits Times
Lean Right

Canberra Drive EC site draws crowd of 13 bids; top bid from Santarli-led joint venture sets record

The top offer exceeds analysts’ forecasts for first EC land tender since new rules kicked in. Read more at straitstimes.com.

·Singapore, Singapore
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Business TimesBusiness Times
Lean Right

Canberra Drive EC site draws crowd of 13 bids; top bid of S$825 psf ppr from Santarli

The top offer exceeds analysts’ forecasts for the first EC land tender since the new rules kicked in Read more at The Business Times.

·Singapore, Singapore
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  • 67% of the sources lean Right
67% Right

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Business Times broke the news in Singapore, Singapore on Thursday, October 1, 2026.
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