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SingLand-UOL venture is top bidder for Clementi housing site

Analysts say tender's prefab construction clause may have limited the number and value of bids

Singapore

A 99-YEAR leasehold private housing site along Clementi Avenue 1 has fetched six bids at a state tender that closed on Dec 9.

The highest bid was from a joint venture between Singapore Land unit Singland Homes and UOL Venture Investments; its bid of S$302.1 million works