Top bid for temple site at Fernvale Link up 15% in re-tender
By Esther Hoon
/ HDB, The Edge Property |
The second tender for a temple site at Fernvale Link closed yesterday with a top bid of $6 million by Thye Hua Kwan Moral Society, 15% higher than the winning bid of $5.2 million by Eternal Pure Land in its first tender. Re-launched on 23 June 2015 and closed on 4 August, the tender received a total of four applications, all of which are from non-profit organizations, as required under the new conditions. The top bid of $6 million is 31% higher than the second highest bidder, Buddhist Compassion Relief Tzu Chi Foundation (Singapore), at $4.58 million.
Source: HDB
The 21,528 sq ft plot of land was previously awarded to Eternal Pure Land, a subsidiary of funeral service firm Life Corporation. The company had the intention to run a Chinese temple and a columbarium on the site. The agreement was later cancelled in May following controversy arising from a commercial entity profiting from land slated for religious development.
Site plan
Source: HDB
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