Plot near Hillview MRT sold for 616psf
A state tender for a 99-year leasehold private housing site at Dairy Farm Road has drawn nine bids.
The top bid, from a tie-up between First Shine Properties and Meadows Bright Development, was the top bidder at $244.318 million or $616 per square foot per plot ratio (psf ppr).
The second highest bid was from Secure Development, at $222.3 million ($560.49 psf ppr).
The lowest bid, from a partnership between Capital Development and ZACD Investments, was around $166.58 milllion or $419.99 psf ppr.
The tender, conducted by Urban Redevelopment Autohrity, closed at noon on September 18.
=> target sales price will be 1200-1300psf
Ride at your own risk !!!