MCL Land tops bids for Jurong West site
MCL planning higher proportion of 1 and 2 bedders to complement mostly 3 and 4 bedroom unsold stock in its Lakeville project next door
Singapore
CHARGED with confidence from its experience with launching two condo projects in Jurong growth region in the past two years, MCL Land on Tuesday placed the top bid of S$338.12 million or S$630.13 per square foot per plot ratio (psf ppr) for Jurong West Street 41 (Parcel B).
This is 6.4 per cent more than the next highest bid of S$592.46 psf ppr from Chinese developer Hao Yuan's unit HY Realty.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Shenzhen eases home buying to revive sales in China tech hub
Far East Orchard looks to sell Rendezvous Hotel Perth Central for A$18.5 million
Lendlease Global Reit’s committed portfolio occupancy rises to 88.8% in Q3
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
China home sales slump 47% over May Day holiday vs 2023
China builder Vanke tells investors it readied money to pay bond