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

[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.