On March 18, 2021, Qingjian Realty and Santarli achieved a historic victory by outbidding Intrepid Investments in the Altura Executive Condominium (EC) land tender for S$662 psf ppr. This was a significant milestone for both companies, as it was the first time they had secured an EC land parcel in Singapore. The Altura EC, which is located in District 28, will be the first new EC to be launched in the area in more than a decade.

The tender, which was launched by the Housing and Development Board (HDB) on February 10, 2021, saw a total of eight bids being submitted. Qingjian Realty and Santarli emerged as the top bidders with their joint bid of S$662 psf ppr, which was higher than that of Intrepid Investments’ S$651 psf ppr.

This historic victory for Qingjian Realty and Santarli is a testament to the strong collaboration between the two companies. The joint bid was a product of the two companies’ extensive experience in the property development industry and their understanding of the local market.

The Altura EC land parcel, which consists of a 4.1 hectare site, offers a total of 832 residential units. Qingjian Realty and Santarli are now expected to launch the new EC project in the near future. This will bring much needed new housing supply to the area and help to meet the growing demand for quality and affordable housing.

The successful bid by Qingjian Realty and Santarli for the Altura EC land tender is a significant milestone for both companies. It is also a major breakthrough for the local property development industry as a whole. This historic victory will hopefully encourage other local property development companies to explore new opportunities and innovate in the market. It is also a win for the HDB, which has been working hard to address the rising demand for quality and affordable housing in Singapore.

Altura EC is Altura EC a upcoming executive condo with 375 units located in the heart of Bukit Batok Town, near MRT station, bus interchange, schools, Jurong Innovation District and Tengah Town.

Qingjian Realty and Santarli’s historic victory in the Altura EC land tender is certainly a milestone for both companies and is sure to be remembered for many years to come. This is a clear sign that these two companies are determined to lead the way in the local property development industry and continue to strive for success.

On August 26th, Qingjian Realty and Santarli achieved an historic victory, outbidding Intrepid Investments in the Altura Executive Condominium (EC) land tender for S$662 psf ppr. This is the first EC site that Qingjian Realty has won since their entry into the Singapore property market in 2011.

The site, located at Choa Chu Kang Grove, is a 99-year leasehold and has a gross floor area of approximately 72,741.5 square metres. This translates to a total site area of 38,068.3 square metres, with a maximum permissible gross floor area of 376,683 square metres. This works out to be a maximum of 815 residential units.

The tender drew 16 bids and the winning bid was submitted by Qingjian Realty and Santarli, who outbid Intrepid Investments by S$79.7 million. This works out to be S$662 psf ppr, which is significantly higher than the second highest bid of S$608 psf ppr.

This is an historic win for Qingjian Realty and Santarli as this is their first EC site win since they entered the Singapore property market in 2011. This success will serve as a major boost to their presence in the market and is sure to open up more opportunities for them in the future.

The development of this EC site is expected to be completed in the first half of 2023 and is set to be a residential haven for families. The site will feature a range of amenities such as an amphitheatre, a swimming pool, a gym, a clubhouse, and a retail mall. Residents will also have easy access to the nearby Choa Chu Kang MRT station and bus interchange.

This is an exciting time for Qingjian Realty and Santarli, as this marks the achievement of a long-term goal for them. The win of this EC tender is sure to be a major feather in their cap, and it is sure to open up further opportunities for them in Singapore’s property market. This is an historic victory for the two companies, and it is sure to be the start of more successes in the future.