http://www.businesstimes.com.sg/real...-at-ura-tender
CDL places top bids for Handy Road, West Coast Vale plots at URA tender
TUE, JAN 30, 2018 - 6:49 PM
KALPANA [email protected]@KalpanaBT
CITY Developments Ltd (CDL) has emerged as the top bidder for two out of the three 99-year leasehold private housing sites at a state tender that closed on Tuesday.
The property group, helmed by Kwek Leng Beng, placed the top bids of S$212.2 million, working out to S$1,722 per square foot per plot ratio (psf ppr) for a plot in Handy Road near Dhoby Ghaut MRT Station and S$472.4 million or S$800 psf ppr for a land parcel in West Coast Vale.
The third site on offer at Tuesday's tender, along Chong Kuo Road in the Sembawang/Mandai area, saw a partnership between Lian Soon Holdings and OKP Land, placing the top bid of S$43.95 million or S$681 psf ppr.
The tender for the Handy Road site drew 10 bids, while the Chong Kuo site received eight bids and the West Coast Vale plot, six bids.