SINGAPORE - A state tender for a private residential site in Lorong Puntong, off Sin Ming Avenue, has drawn the highest number of bids for a residential site in over a year.
The close of tender on Oct 8 saw China-based Nanshan Group emerging as the top bidder out of 18 offers.
Nanshan's bid of $173.5 million works out to $731 per square foot per plot ratio (psf ppr).
The last time a private residential site saw such strong competition was in June last year at Faber Walk, where Waterfront@Faber is planned.