Jalan Anak Bukit tender closes below expectations with five bids

A STATE tender for the 99-year leasehold commercial and residential site at Jalan Anak Bukit came in under expectations when it closed on Tuesday with five bids – of which three were joint bids by the same duo.

Far East Organization and Sino Group appear bent on clinching the tender, putting in three separate bids with different concept proposals. 

The other two bids submitted were from Allgreen Properties in partnership with Kerry Properties and Kerry Holdings; as well as Wing Tai Holdings which teamed up with Mercatus Commercial Trust I.