CDL places top bids for Handy Road, West Coast Vale plots at URA tender

[bargain hunter]

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.

[Khng8]

CDL getting aggressive.
CapitaLand still not in sight.

[prashantnative]

I think thats why CDL is getting most of the Tender

[CCR]

I heard tulip garden at Farrer road going enbloc, maybe they will buy coz they are familiar with this area, coz of Dleedon, guocoland should also be keen as they have leedon residence, so far only have Beach Road mixed use site