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MCC makes defensive bid for Tampines Ave 10 site

That the site drew 12 bids is a reflection of the continuing drive by developers to replenish their land bank, albeit at moderated prices, say property market observers


IN a reflection of developers' hunger for land, a 99-year private residential site in what would be regarded as a mediocre location along Tampines Avenue 10 attracted a dozen bids on Tuesday, when the state tender closed.

The relatively affordable absolute land price