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Margaret Drive site triggered for sale with minimum bid of S$185.76m

Property players see strong developer interest given the Reserve List plot's location and palatable size

Published Thu, Nov 3, 2016 · 09:50 PM
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Singapore

A LAND parcel in Margaret Drive that is big enough for 275 homes has been triggered for sale after a developer committed to bid at least S$185.76 million for it.

This is a Reserve List site under the government land sales (GLS) programme that can be released for sale only when the minimum price committed by a developer is acceptable to the government.

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