Civil engineering and property development firm Koh Brothers, which is selling the site, is asking for S$55 million.
This excludes a development charge of S$12.5 million which the successful developer will have to fork out.
The price works out to about S$850 per square foot per plot ratio.
The tender exercise will close at the end of this month. – CNA/ms
Source : Channel NewsAsia – 2 Jan 2008