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Cautious bids again for EC site tender

However, the number of bids for Woodlands plot was seven - from three for a Fernvale site last month

Kalpana Rashiwala

Published Thu, Feb 12, 2015 · 09:50 PM

Singapore

THE latest tender for an executive condo (EC) site in Woodlands has showed that developers are continuing to be cautious in their bid prices, in view of lower projected sale prices for ECs.

However, the tender attracted seven bids, sharply higher than the three bids submitted at last month's EC land tender in Anchorvale Crescent in Sengkang.

R'ST's research director Ong Kah Seng attributed this to the supply of yet-to-be-sold units in uncompleted EC projects be…

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