Redhill plot draws 10 parties, but bids seen as cautious
Top bid of S$851 psf ppr is at lower end of earlier forecasts and below that for Principal Garden tender
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
A 99-year leasehold, 0.84-hectare site next to Redhill MRT Station along Alexandra View drew 10 bids at a state tender, in line with what consultants had earlier expected.
The highest bid by Tang Skyline Pte Ltd was S$376.9 million or about S$850.81 per square foot per plot ratio (psf ppr).
Copyright SPH Media. All rights reserved.
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
