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URA tender gets 11 bids for 99-year private condo site in Lorong Lew Lian

A 99-YEAR leasehold private housing site along Lorong Lew Lian, near Serangoon MRT Station and Nex, has attracted 11 bids at a state tender.

The highest bid - from a three-way partnership involving City Developments' unit, Verwood Holdings, Hong Leong Holdings' unit, Intrepid Investments, and TID Residential - was S$321 million or nearly S$710 per square foot per plot ratio (psf ppr).

The lowest bid, from a tie-up between Tuan Sing's Episcia Land and Koh Brothers unit, KBD Ventures, was S$265.9 million or about S$588 psf ppr.

The tender was conducted by Urban Redevelopment Authority.