An industrial site at Kaki Bukit which attracted a record number of bids has been sold to highest bidder, Kng Development Pte Ltd, for S$12.1 million. The 115,342 square foot plot in Kaki Bukit Road 2 was launched for public tender on July 14, after an application bid of S$5 million was submitted. Eighteen offers were made by the end of the bidding period – the most ever received for an industrial...
KNG Development
KNG Development has submitted the top bid of S$12.1 million for an industrial site at Kaki Bukit Road. The offer works out to about S$105 per square foot. Units of mainboard-listed Sim Lian Group and Soilbuild Group were among the bidders for the site. The Urban Redevelopment Authority said it received a total of 18 bids for the land parcel, with the lowest bid at S$5.2 million. The land parcel has a...