Second Woodlands EC site sets record with top bid of S$794 psf ppr from Sim Lian
The offer is 1.5% higher than the previous EC benchmark of S$782 psf ppr for a nearby site last August
[SINGAPORE] The Sim Lian Group topped bids for an executive condominium (EC) site in Woodlands, setting a fresh record for EC land and beating out two other bidders at the close of a government tender on Tuesday (Jan 13).
However, market watchers noted that this was the lowest number of bids an EC site has received since 2015 when a Sengkang site on which Treasure Crest has been built also drew three bids.
Tuesday’s tender closing pulled in fewer participants than for a nearby EC plot also along Woodlands Drive 17 that was awarded to City Developments Ltd (CDL), which attracted five bidders.
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