A consortium - comprising Intrepid Investments, Sunmaster Holdings and TID Residential - has submitted the highest bid in the tender for a residential site at Mount Vernon Road. The consortium submitted the top bid of S$388.11 million for the 20,810.9 sq m site. Only five bids were submitted for the site even though it is a very accessible location, reflecting what an analyst said is the cautious...
Mount Vernon Road
Three new residential sites for private housing have been released under the Government Land Sales (GLS) Programme. The sites are at Mount Vernon Road, Jalan Lempeng and the Kovan Road/Simon Road area. The Urban Redevelopment Authority and the Housing & Development Board said the sites are for sale on Tuesday, by public tender. Together, they are expected to yield about 1,830 units, adding to the...