Urban Redevelopment Authority (URA) has award the residential site at Parcel B, Prince Charles Crescent to Kheng Leong and UOL Venture investments for $463,100,000 or $8,833.40 psm. They came in top bid out of 7 bidders. The next bidder is Verwood Holdings who bidded $440,200,000 follow by 3rd bidder Winzest Investment at $438,488,888.

This land parcel has a site area of 24,964.3 meter square and tenure is 99 years leasehold.

Land Parcel Parcel B Bidding

Attractions of Prince Charles Crescent (Parcel B) Site

  • Well connected via major expressways and public transport
  • Near to Redhill MRT Stations
  • Minutes drive to Orchard Shopping Belt and Harbourfront
  • Numerous good schools around the vicinity such as Gan Eng Seng, Crescent Girls School
  • Nearby Park connector well connected to various parts of Singapore


Prince Charles Crescent site Parcel A versus Parcel B

Prince Charles Crescent site Parcel A was tendered by Wingstar Investment, Subsidiary of Wingtai holdings, for $516,298,888 or $10,336.31 psm in 2012 after they came in top bid out of 15 bidders. Parcel B however was tendered for $461,000,000 or $8,833.40 in 2014, more than 10% drop from Parcel A Tender.

With the lower cost in land tender, this should translate to lower cost for future residents at Principal Garden.