Joint bid from HK's Logan Property, China's Nanshan wins Stirling Road residential site
A joint bid of slightly above S$1 billion from Hong Kong-listed developer Logan Property Holdings and Chinese developer Nanshan Group have emerged top among 13 bidders for a residential site at Stirling Road.
This translated to S$1,050.71 per square foot per plot ratio (psf ppr), 8.3 per cent higher than the second-highest bid from MCL Land.
The site also drew interest from OUE, a joint venture between Singapore Land and UOL Group, and Kingsford Development among others.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3% to S$293.7 million
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB