The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Boon Lay Way and Lakeside Drive to Keppel Land Mayfair. The company submitted the highest tender for the site at S$302.9 million, or about S$5,370 per square metre, per gross floor area. In a statement, developer Keppel Land says it plans to develop about 550 homes of sizes ranging from 500 square feet to 1,400...
Lakeside Drive
The tender for the land parcel at Boon Lay Way and Lakeside Drive has attracted the highest bid for a residential site this year. Keppel Land Mayfair, a subsidiary of Mainboard-listed Keppel Land, has submitted the highest bid of $302.98 million for the 1.6-hectare site which can potentially yield 525 units. This was a tad higher than the $302-million bid from Sim Lian Land for the tender of a 3.2ha land...
The tender for a residential site at Boon Lay Way and Lakeside Drive has attracted the highest bid of about S$303 million from Keppel Land. The bid by Keppel Land Mayfair works out to about $483 per square foot per plot ratio. At the close of the tender, the Urban Redevelopment Authority (URA) says that a total of 14 bids were received for the site. The next highest bid came from MCC Land at S$263...