URA tender pulls in 8 bids for Jalan Tembusu plot and 4 for Lentor site
Market watchers describe bids as more cautious and subdued in wake of December's cooling measures
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THE maiden state tender for private housing sites, coming after the mid-December property cooling measures, has drawn mixed results.
The 8 bids received for a District 15 plot at the corner of Jalan Tembusu and Tanjong Katong Road, as well as the highest bid (from City Developments or CDL) of S$1,302 per square foot per plot ratio (psf ppr), were at the upper end of the range forecast by property consultants polled by The Business Times in the week before the tender closed on Tuesday (Jan 18). This took into account the impact of the cooling measures.
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