Ang Mo Kio 99-year private housing plot draws 15 bids; EC plot in Tengah draws seven bids

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In a state tender that concluded on Tuesday, 15 offers were received for a 99-year leasehold residential dwelling site on Ang Mo Kio Avenue 1, adjacent Bishan-Ang Mo Kio Park (May 25).  A 60:20:20 partnership between UOL Group Ltd., Singapore Land Group Ltd., and Kheong Leong Company Pte. Ltd. submitted the top proposal of $381.38 million, or almost $1,118 psf ppr.

The following top offer of $358.89 mil, approximately $1,052 per sqft per plot ratio, came from Titus Residential SG, a consortium between City Developments and MCL Land.

Source: https://www.straitstimes.com/business/property/ang-mo-kio-99-year-private-housing-plot-draws-15-bids-ec-plot-in-tengah-draws

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