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Keen bidding expected for Stirling Road residential site

The site, which can yield 1,110 units, finally released after developer's commitment to bid at least S$685.25m

Published Mon, Apr 10, 2017 · 09:50 PM

Singapore

A RESIDENTIAL site at Stirling Road, which has been on the Reserve List of the Government Land Sales (GLS) programme for the past seven years, has finally been triggered for sale by public tender after a developer committed to bid at no less than S$685.25 million.

This minimum price translates to S$718 per square foot per plot ratio (psf ppr), based on the site's maximum gross floor area of 88,660 square metres.

The 99-year leasehold site, near Queenstown MRT station, is expected …