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Two tender closings signal developers' unabating land appetite

FCL leads Jiak Kim Street tender with S$955.4m bid; Allgreen emerges tops for Fourth Avenue site with S$552.96m bid

Published Tue, Dec 5, 2017 · 09:50 PM

Singapore

DEVELOPERS' appetite for choice sites has shown no signs of letting up despite warnings from the government on over-exuberance in the property market.

Two residential land parcels at Jiak Kim Street and Fourth Avenue under the government land sales (GLS) programme saw keen contest on Tuesday, with Frasers Centrepoint Limited (FCL) setting a new price benchmark for the Jiak Kim Street site.