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August 3, 2010, 6.31 pm (Singapore time)
Sim Lian emerges top bidder for DBSS site in Tampines
By KALPANA RASHIWALA
Sim Lian Land has emerged as the highest bidder for a site in Tampines designated for public housing under the Design, Build and Sell Scheme (DBSS).
Its top bid of $178.128 million (U$S131.678 million) works out to about $261 per square foot (psf) of potential gross floor area. The tender drew a total five bids.
The lowest offer from Ho Lee Group was for $110 million or $161.20 psf per plot ratio.
The tender, which closed on Monday, was conducted by the Housing & Development Board.