http://www.straitstimes.com/Breaking...ry_576178.html
Sep 8, 2010
Only 5 bids for Eunos site
Muted interest due to Govt's measures to cool the market, say analysts
By Jessica Cheam
A RELATIVELY small number of developers have put in bids for a tender for a 4.1 ha residential development site in Jalan Eunos which closed yesterday.
The leasehold site attracted five bids - markedly fewer than the 10 bids, on average, per site seen in recent times.
Industry analysts attributed the muted interest to last week's measures introduced by the Government to cool the property market.
The highest bid of $257.78 million or $415 per sq ft (psf) per plot ratio was put in by Tuas Technology Park and OPH Marymount, a unit of Far East Organization.
This was 26 per cent higher than the next bid of $203.8 million by First Capital Development. The lowest bid of $152 million was by Sim Lian Land.
Mr Ho Eng Joo, executive director of investment sales at Colliers International, said the number of bids indicated that the recent measures 'have affected the mood and sentiment of the market'.
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