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SINGAPORE PROPERTY
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CDL places S$1,132 psf ppr top bid for plot next to Lakeside MRT station

State tender draws six bids for site zoned residential with commercial at first storey

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Kalpana Rashiwala

Kalpana Rashiwala

Published Tue, Jun 3, 2025 · 05:49 PM
    • The site can yield about 575 private homes. The commercial component is capped at 10,764 sq ft gross floor area.
    • The site can yield about 575 private homes. The commercial component is capped at 10,764 sq ft gross floor area. SOURCE: GOOGLE MAPS, URA; GRAPHIC: SIMON ANG, BT

    [SINGAPORE] A state land tender for a plum 99-year private housing site next to Lakeside MRT station in Jurong West drew a healthy showing of six bids on Tuesday (Jun 3).

    This was within the range of two to eight bids analysts had forecast in a poll conducted by The Business Times on Monday.

    The top bid by Singapore residential heavyweight City Developments (CDL) – S$608 million or S$1,132.08 per square foot per plot ratio (psf ppr) – was also within the range of S$900 to S$1,250 psf ppr the analysts had predicted.

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