The Urban Redevelopment Authority (URA) has received a top bid of S$251 million for a residential site at Upper Thomson Road.
The bid was submitted by Treasure Well Investments and works out to about S$5,741 per square metre.
The URA said it received a total six bids with the lowest one at S$135 million.
Among the bidders of the site were Frasers Centrepoint and Sim Lian Land.
The Upper Thomson Road site, located in the vicinity of Lower Peirce Reservoir, has an area of about 2.1 hectares.
It can generate a maximum permissible gross floor area of 43,781 square metres.
The URA said it will announce the decision on the award of the tender at a later date after the bids have been evaluated.
Source : Channel NewsAsia – 5 Nov 2009