Published:
Frasers Centerpoint-Keong Hong tandem launch $214m bid for Sembawang EC site
The duo bests three other bidders.
Frasers Centerpoint and Keong Hong Holdings have joined forces to roll out the highest bid for an executive condominium site in Sembawang.
According to the HDB, the site is could yield 620 housing units and has a leasehold of 99 years.
FCL and Keong Hong’s $214m bid is equivalent to $3445 per square foot per plot ratio.
Other bidders include Verwood Holdings and TID Residential ($211m), CEL Residential Development ($188m), and Sim Lian Land ($181m).
The HDB will evaluate the bids and award the tender at a later date.
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