haioA developer just paid more than $1.5 billion for one Hougang plot
The state's mixed-use site at Hougang Avenue 10/Hougang Central has been awarded for $1,500,738,338, a single land bill north of $1.5 billion. Before you read that as just another big number, see where this kind of land release sits against the past decade of government land sales.
GLS Supply (past decade)
Land prices feed directly into what you eventually pay, so a bid at this level is worth understanding rather than skimming past.
What's actually being built: around 835 homes over a bus interchange
Stripped of the jargon, here's what the Housing & Development Board, acting as the Government's land sales agent, confirmed about the parcel:
| Detail | Figure |
|---|---|
| Location | Hougang Avenue 10/ Hougang Central |