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Quek Leng Chan pips S'pore cousin to top bids at URA tender for Martin Place condo site

GuocoLand's bid of S$1,239 psf ppr is highest for a pure housing GLS site since 2009

Kalpana Rashiwala

Published Tue, Jun 28, 2016 · 09:50 PM

Singapore

MALAYSIAN tycoon Quek Leng Chan has pipped his Singaporean cousin Kwek Leng Beng to emerge as the top bidder for a rare District 9 private residential site offered at a state tender.

A unit of Mr Quek's Singapore-listed GuocoLand bid S$595.1 million, which works out to S$1,239 per square foot per plot ratio (psf ppr) for the plot at the corner of Martin Place and River Valley Close.

This is 1.2 per …