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Close fight emerges for Toa Payoh condo site

Top 5 tenders range from S$725 to S$755 psf ppr, with top bidder Evia Real Estate and partners pipping Sing Holdings by just 1.1%

Kalpana Rashiwala

Published Thu, Jun 18, 2015 · 09:50 PM

Singapore property

Singapore

THE Evia Real Estate-led consortium's top bid for a 99-year private condo site in Toa Payoh at a state tender was just 1.1 per cent more than the closest competition.

The group plans to build a 590-unit project on the site, with half the units expected to comprise one and two-bedders to be priced below S$1 million to keep them affordable, said Evia Real Estate managing partner Vincent Ong.