The Hong Leong grp has got the Hillview residential site Midwood Condo that spread over 154000 sq feet, in a $460 million top bid, thanks to its innovative construction approaches and pro-productivity management.Big companies like an intrepid investment (a subsidiary of H. Leong Holdings) and Garden Estates (a subsidiary of Hong Realty) submitted a bid for the ninety nine year. Besides other six shortlisted proposals. Price work decided about $1067 PSP/plot ratio for 430879 ft2 floor area(gross).
Under the dual envelope method, the GLS or The gov. land sales drew 9 concept proposal from 8 tenderer in which the CDL or City Developments Ltd that is listed developer of Hong Leong group associated with Capital Land has presented the proposal.
Midwood Condo Tender Price
URA that gave the tender on 3rd July told that the winning proposal contains substantial layout organization and adoption of PPVC for Midwood Condo with advanced level construction integration in the site development. The MET or mass engineered timber will be adopted by it in order to enhance prefabrication level and decrease the work on the actual site. This proposal also includes the other features like scheduling that’s based on Building Information Modeling, project scheduling by QR code tracking, VDC and logistic tracking that is cloud-based works during construction. It works on a digital platform that allows different parties to coordinate and share the information during the lifecycle of the project.
Midwood Hong Leong Bid Price
In a statement, URA told in the Tuesday that Garden Estates and Intrepid Investments has proposed robust construction productivity and construction plan which focuses on a significant decrease in manpower that will lead to enhanced productivity outcomes.For this tender, the approach of CPR tender was adopted. In phase1 the CEC or Concept Evaluation Committee had only shortlisted those tenders that studied the construction productivity evaluation criteria to proceed next phase.
Dual Tender Bid Price for Midwood by Hong Leong
The shortlist consisted of the proposal by bid(winning) for Midwood Condo. The two bids by CDL & CapitaLand; Qingjian Realty and association between Soilbuild Group & Yanlord Land; CSC Land Group. After that, the price envelop were out and highest bid was chosen.The Launching date of the tender was last year, Dec 28 and the closing date was May 3. According to the L,N. Jia, the senior director of Knight Frank, bid was under as per expectations considering previous bids.The Hillview is near to retail amenities and at few meters far from station(MRT). It also includes a private neighborhood. Hillview will attract new couples and people seeking for downsizing options.
Also,according to Loke Kee You,G.M of projects at H.Leong holdings, they were very happy to get the Hillview rise site due to CPR tender system. This shows our experience, innovative approach, willingness to use innovative construction and management methods. Another very important aspect on which we will focus is an efficient and safe onsite process.