Staff Reporter
,
Singapore
Residential land parcel garners seven bids but guess which developer came out first?
Kingsford Development Pte Ltd. submitted the highest bid for the 12,648.5 sqm site with a maximum permissible gross floor area of 35,416 sqm.
With its bid, Kingsford Development will have a tendered sale price of $6,867.43 per sqm of gross floor area, according to data released by the Urban Redevelopment Authority (URA).
In the bidding rankings, Flamegold Pte. Ltd. placed second with a bid of $205.1 million and MCL Land Limited landed in third with a bid of $190.5 million.
URA will announced the tender award at a separate date.
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