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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

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Dec 9, 2015 · 09:50 PM
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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 out to S$615.04 per square foot per plot ratio (psf ppr).

This was 9.4 per cent more than the second highest bid from Oxley-Lian Beng Venture at S$276.20 million, or S$562.31 psf ppr.

Wee Hur Development plac…

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UOL

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