HDB – Margaret Drive Residences – Singapore - Project Profile
"HDB – Margaret Drive Residences – Singapore - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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The Housing & Development Board (HDB) is planning to undertake the Margaret Drive Residences project at Margaret Drive, near the Commonwealth MRT station in Queenstown, Singapore.
The project involves the construction of 275 homes on 4,810m2 area with a gross floor area of 22,195m2.
It includes the construction of a community center, access roads, and parking, related facilities and the installation of elevators and safety systems.
On May 19, 2014, HDB, as the Government’s land sales agent issued tenders for appointing a developer for the implementation of the project on a 99-year lease basis.
In December 2016, MCL Land Ltd was appointed as the developer with the highest bid of US$168 million.
The project involves the construction of 275 homes on 4,810m2 area with a gross floor area of 22,195m2 in Queenstown, Singapore.
The US$750 million project includes the following:
1. Construction of a community centre
2. Construction of access roads
3. Construction of parking facilities
4. Construction of related facilities
5. Installation of elevators and safety systems
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