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Challenging market weighs down bids for West Coast site

Tender gets just 6 bids, down from 18 for neighbouring site in June 2013; top bid also 20% lower

Singapore

A STATE tender closing on Tuesday for a 99-year leasehold private residential site along West Coast Vale with waterway frontage along Sungei Pandan fetched just six bids. That's a third of the 18 received for the neighbouring Waterfront @ Faber site at a tender that closed back

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