You are here

MCL Land tops bids for Margaret Drive residential site with S$238.4m

Analysts say the aggressive bidding for the 99-year leasehold land signals that developers are reading the market positively
Wednesday, December 7, 2016 - 05:50


MCL Land has emerged top in a fierce contest among 14 bidders for a residential land parcel at Margaret Drive.

The top bid of S$238.39 million translates to S$997.85 per square foot per plot ratio (psf ppr) based on the maximum gross floor area of the site near

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom