Land-hungry residential developers made a beeline for an executive condominium (EC) site in Anchorvale Lane, Sengkang, on Tuesday. The site drew 16 bids, a whopping turnout not seen for an EC site since July 2013. The top bid of S$355.07 per square foot per plot ratio (psf ppr) from a Hoi Hup Realty-Sunway Developments tie-up exceeded all expectations and is the highest offer for an EC site since a Choa...
Anchorvale Lane
A STATE tender for a 99-year leasehold executive condominium (EC) site along Anchorvale Lane in the Sengkang area has attracted a whopping 16 bids. The highest bid - from Hoi Hup Realty, which teamed up with Sunway Developments - was S$240.95 million, which works out to slightly over S$355 per square foot per plot ratio (psf ppr). The second highest bid, S$235 million (or S$346.30 psf ppr) , was from...