HDB launched the tender of a commercial site at Sengkang West Avenue/Fernvale Road, next to Fernvale Point and Fernvale LRT station. The land parcel has a site area of 8,790.3 sq m and has a maximum allowable gross floor area of 26,370.9 sq m.
The tender exercise for this commercial plot attracted a total of 12 bids, with Earth Holdings, a subsidiary of Singapore Press Holdings (SPH), offering the highest bid of S$328 million.
A retail centre, as big as West Mall (in Bukit Batok) or two-thirds the size of Compasspoint , with a trade mix will cater to the needs of residents staying in Sengkang West and the Seletar area. This will definetely add to the amenities around Fernvale estate, which is currently served only by Fernvale Point and the newly opened Greenich V along Yio Chu Kang Road.