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CDL trumps eight other bidders for Tampines residential site with S$370m bid

Bids signal that land prices seem to have returned to 2013 levels: consultants


CITY Developments Ltd (CDL) has emerged the top bidder for the residential site at Tampines Avenue 10 at S$370.1 million.

This translates to S$565.4 per square foot per plot ratio (psf ppr) based on the maximum gross floor area, marking a 5.7 per cent margin over the...

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