URBAN Redevelopment Authority tenders for two 99-year leasehold private housing sites - one along Irwell Bank Road near Great World City, and the other near Bartley MRT Station, closed on Thursday.The site at Irwell Bank Road drew seven bids. The highest bid, from City Developments , was at nearly S$583.89 million or S$1,515.10 per square foot per plot ratio .
The second-highest bid, from a consortium comprising Far East Organization, Sino Group and Sekisui House, came in at S$560.1 million or S$1,453.37 psf ppr.Frasers Property Jade bid S$527.98 million or S$1,370.01 psf ppr. The lowest bid, from Winvale Investment, was nearly S$409.89 million or S$1,063.60 psf ppr.
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