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Qingjian submits aggressive bid for Bukit Batok West site

Its bid of S$301.16m (S$634.57 psf ppr) was the highest in a field of 11 contenders. This is set to be the developer's first mixed-use project in Singapore

Kalpana Rashiwala

Published Tue, May 24, 2016 · 09:50 PM

Singapore property

Singapore

CHINESE developer Qingjian Realty seems to be on a roll. Fresh from clinching the Shunfu Ville en-bloc sale site in the Marymount area last week, it topped bids at Tuesday's state tender closing for a commercial-and-residential site in Bukit Batok West.

Its top bid of S$301.16 million or S$634.57 per square foot per plot ratio (psf ppr) was 8.3 per cent more than the next highest bid of S$277.98 million (S$585.73 psf ppr) from Robert Kuok's Allgreen Properties.

JLL national director Ong Teck Hui said this reflects "Qingjian's earnestness in securing the site by bidding more co…

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