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11 bids received for commercial and residential site in Bukit Batok West Ave 6

Tuesday, May 24, 2016 - 17:43

A 99-YEAR leasehold commercial and private residential site in Bukit Batok West Avenue 6 has garnered 11 bids at a state tender that closed on Tuesday,

The top bid, from a tie-up between Qingjian Realty (BBR) and Qingjian Realty (BBC), was S$301.16 million. This works out to S$634.57 per square foot of potential gross floor area. Allgreen Properties was the second highest bidder, at S$277.98 million or S$585.73 psf per plot ratio (psf ppr).

Also bidding at the tender, which was conducted by Urban Redevelopment Authority, were Wee Hur Development, China Construction (South Pacific) Development Co, CEL Real Estate Development and Low Keng Huat (Singapore). Sim Lian Land placed the lowest bid of S$188 million.