S$1,163 psf ppr top bid for Kim Tian site
A 99-year leasehold private housing site in Kim Tian Road near Tiong Bahru MRT Station drew 11 bids at a state tender that closed on Thursday.
The top bid from Keppel Land unit Harvestland Development was S$550.28 million or S$1,162.86 per square foot per plot ratio (psf ppr). This was 7.2 per cent higher than the next highest bid of $1,084.78 psf ppr by a partnership involving Far East SOHO Pte Ltd, Far East Orchard Limited and Sekisui House.
The lowest bid from Asset Legend Limited was S$608.21 psf ppr.
The tender was conducted by the Urban Redevelopment Authority.
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