URA tender gets 11 bids for 99-year private condo site in Lorong Lew Lian
Add BT as a preferred source
Kalpana Rashiwala
A 99-YEAR leasehold private housing site along Lorong Lew Lian, near Serangoon MRT Station and Nex, has attracted 11 bids at a state tender.
The highest bid - from a three-way partnership involving City Developments' unit, Verwood Holdings, Hong Leong Holdings' unit, Intrepid Investments, and TID Residential - was S$321 million or nearly S$710 per square foot per plot ratio (psf ppr).
The lowest bid, from a tie-up between Tuan Sing's Episcia Land and Koh Brothers unit, KBD Ventures, was S$265.9 million or about S$588 psf ppr.
The tender was conducted by Urban Redevelopment Authority.
Copyright SPH Media. All rights reserved.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Power of payouts: A big chunk of the STI has just gone ex-dividend. What’s next?
