Tender for Bright Hill Drive land awarded at price of $291.5m
The Housing Board has awarded the land parcel at Bright Hill Drive to UVD at the tender price of $291,500,000 on Friday.
The land parcel can house an estimated 405 dwelling units and has a 99-year lease, according to a Housing Board statement.
The site can be used for condominium or flats, or - with prior written approval - a combination of flats and strata landed houses. However, serviced apartments are not allowed.
The Housing Board, as the Government's land sales agent, launched the land parcel at Bright Hill Drive for tender on June 20.