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Keenly contested Fernvale site gets top bid of S$287.1m

Sing Holdings-Wee Hur JV beats 13 other bidders for state tender of 99-year leasehold land meant for private housing

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Kalpana Rashiwala

Kalpana Rashiwala

Published Tue, Sep 27, 2016 · 09:50 PM
    By a whisker
    Fernvale site

    Singapore

    DEVELOPERS continue to be hungry for land.

    A state tender on Tuesday for a 99-year leasehold private housing site along Fernvale Road in the Sengkang area beat earlier market projections. It garnered 14 bids with the top bid at S$287.1 million or S$517.03 per square foot per plot ratio.

    Singapore propertySing HoldingsWee HurCBREJLL

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