Private condo plot at Jervois Road attracts 17 bids

The Urban Redevelopment Authority (URA) said a 99-year leasehold private condo plot at Jervois Road has attracted 17 bids from developers.

The site was launched for public tender on 22 December 2011 and the tender closed on 2 February 2012.

SL Development submitted the top bid of $118.9 million or $880.74 per square foot per plot ratio (psf ppr).

The second highest bid of $110 million or $814.81 psf ppr was from Eastwood Park Pte Ltd.

URA said the site can potentially yield about 140 housing units.

Source : Channel NewsAsia – 2 Feb 2012

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