China developer makes top bid for residential site at Lorong 1 Realty Park
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
FANTASIA Investment (Singapore), a subsidiary of Hong Kong-listed leading property developer in China, Fantasia Holding Group, has come out on top in a fierce contest among 11 bidders for a residential land parcel at Lorong 1 Realty Park.
Together with Sun Renwang and Yang Xinping, Fantasia made the top bid of S$75.80 million. This translates to S$525.58 per square foot per plot ratio (psf ppr) based on the maximum gross floor area of the 99-year leasehold site in Hougang, located across the Catholic Archdiocesan Youth Centre.
The 1.34-ha land parcel is on the Confirmed List of Government Land Sales programme.
The lowest bid of S$29.88 million was made by Lots Property, part of Yuan Ching Development (Tiong Seng Holdings).
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
