SUBSCRIBERS

China's Nanshan pips 17 other bidders for Bishan housing site

It bids S$173.6m, or S$731 psf ppr, for the Lorong Puntong plot released by URA

Published Wed, Oct 8, 2014 · 09:50 PM

CHINESE conglomerate Nanshan Group has topped the bids for a site off Sin Ming Avenue released by the Urban Redevelopment Authority (URA), potentially marking its first foray into the residential market here.

Nanshan's bid of S$173.57 million for the site in Lorong Puntong beat a field of 17 other bidders that included a mix of local and foreign developers.

Working out to S$731 per square foot per plot ra…