A 99-year leasehold private housing site along Lorong Lew Lian, near Serangoon MRT Station and Nex, has attracted 11 bids at a state tender.
The highest bid – from a three-way partnership involving City Developments’ unit, Verwood Holdings, Hong Leong Holdings’ unit, Intrepid Investments, and TID Residential – was S$321 million or nearly S$710 per square foot per plot ratio (psf ppr).
The lowest bid, from a tie-up between Tuan Sing’s Episcia Land and Koh Brothers unit, KBD Ventures, was S$265.9 million or about S$588 psf ppr.
The tender was conducted by Urban Redevelopment Authority.
Source : Channel NewsAsia – 5 Nov 2015