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Top bid for GLS site with new building rules beats expectations
Offer for Serangoon plot of S$276.8m is 15% higher than the next highest bid
Add BT as a preferred sourcePublished Thu, Nov 27, 2014 · 09:50 PM
Singapore
ASSET Legend, believed to be a unit of Li Ka-shing's Cheung Kong Holdings, has put in the highest tender price for the first government land sales site that comes with new buildability and productivity regulations.
According to the Urban Redevelopment Authority's tender results on Thursday, it offered S$276.8 million, or S$848.84 per square foot per plot ratio (psf ppr), for the 99-year leasehold mixed-use site at Upper Serangoon Road.
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