CDL unit submits highest bid for Tampines residential site

It submitted a bid of $370.1m.

A report from the PropertyGuru revealed that the tender for a 2.17ha residential site at Tampines Avenue 10 closed after attracting nine bids from property developers.

Citing the Urban Redevelopment Authority (URA), the report said Bellevue Properties, a unit of City Developments Limited (CDL), submitted the top bid of $370.1m for the 99-year leasehold site. This translates to about $565 psf per plot ratio.

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