628psf for site at Pheng Geck Avenue
Pheng Geck Ave site fetches 13 bids, highest at $114.8m
The residential site at Pheng Geck Avenue fetched the highest bid of $114.8 million when tender closed on Thursday, the Urban Redevelopment Authority said.
The highest bid, which works out to $6,762.09 per sq m of gross floor area (GFA), was submitted by Santarli Corporation Pte Ltd.
Thirteen other bids were received for the 4,850.5 sq m site, which has a maximum permissible GFA of 16,977 sq m.
Vantage Properties Pte Ltd submitted the lowest bid of $92.5 million, or $5,448.55 per sq m per GFA.
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