Five bidders vie for Buangkok Drive / Sengkang Central tender

Highest bid for residential site came in at $301 million from White Haven Properties Pte. Ltd.

This translates to a tendered sale price of $5,470.44 per sqm of gross floor area, according to the Urban Redevelopment Authority. The land parcel has a maximum permissible gross floor area of 55,023 sqm and a site area of 18,340.7 sqm.

The consortium of Opal Star Pte. Ltd. and Binjai Holdings Pte. Ltd. submitted the second highest bid of $290,280,000 while Flamegold Pte Ltd registered the third-ranked bid of $284,800,000.

Lower bids from Qingjian Realty (South Pacific) Group Pte Ltd and Vantage Properties Pte Ltd round out the rest of the interested parties for Buangkok Drive / Sengkang Central.