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Keen competition seen for sites near Redhill MRT, Sembawang Park
Analysts expect up to 12 bids for Redhill plot and up to 10 for Sembawang site; with winning bids pegged at S$800-1,050 psf ppr and S$400-550 psf ppr respectively
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Published Wed, Sep 30, 2015 · 09:50 PM
Singapore
THE launch of a 99-year leasehold site next to Redhill MRT Station on Wednesday is expected to draw strong interest, given the pullback in the Government Land Sales Programme and developers' desire to replenish their land bank.
The site is designated for private housing development with commercial use on the first storey. The Urban Redevelopment Authority said that the 0.84-hectare site can generate about 400 private homes. The tender for the site will close on Nov 12.
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