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KepLand, Wing Tai tie-up top bidder for Serangoon North site

Their S$446.28m bid for private housing site is 6.6% higher than second highest offer, from FCL Residences

Kalpana Rashiwala

Published Thu, Jul 27, 2017 · 09:50 PM

Singapore

KEPPEL Land (KepLand) and Wing Tai teamed up to place the top bid at a state tender on Thursday for a 99-year-leasehold private housing site along Serangoon North Avenue 1.

Their S$446.28 million bid, which translates to S$964.81 per square foot per plot ratio (psf ppr), was 6.6 per cent higher than the second highest offer of S$418.7 million (S$905.19 psf ppr) from Frasers Centrepoint's FCL Residences.