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MCL Land tops bids for Jurong West site

MCL planning higher proportion of 1 and 2 bedders to complement mostly 3 and 4 bedroom unsold stock in its Lakeville project next door

Kalpana Rashiwala

Published Tue, Mar 10, 2015 · 09:50 PM

Singapore property

Singapore

CHARGED with confidence from its experience with launching two condo projects in Jurong growth region in the past two years, MCL Land on Tuesday placed the top bid of S$338.12 million or S$630.13 per square foot per plot ratio (psf ppr) for Jurong West Street 41 (Parcel B).

This is 6.4 per cent more than the next highest bid of S$592.46 psf ppr from Chinese developer Hao Yuan's unit HY Realty.

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