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Sengkang EC site draws land-hungry developers

Hoi Hup-Sunway leads 16 bids with S$355.07 psf ppr offer, 27% more than price paid for Treasure Crest site

Singapore

LAND-HUNGRY residential developers made a beeline for an executive condominium (EC) site in Anchorvale Lane, Sengkang, on Tuesday. The site drew 16 bids, a whopping turnout not seen for an EC site since July 2013.

The top bid of S$355.07 per square foot per plot ratio (