China developer makes top bid for residential site at Lorong 1 Realty Park

FANTASIA Investment (Singapore), a subsidiary of Hong Kong-listed leading property developer in China, Fantasia Holding Group, has come out on top in a fierce contest among 11 bidders for a residential land parcel at Lorong 1 Realty Park.

Together with Sun Renwang and Yang Xinping, Fantasia made the top bid of S$75.80 million. This translates to S$525.58 per square foot per plot ratio (psf ppr) based on the maximum gross floor area of the 99-year leasehold site in Hougang, located across the Catholic Archdiocesan Youth Centre.

The 1.34-ha land parcel is on the Confirmed List of Government Land Sales programme.

The lowest bid of S$29.88 million was made by Lots Property, part of Yuan Ching Development (Tiong Seng Holdings).