Singapore, 04 Apr 2023 AT THIS year’s maiden state land tender for a 99-year leasehold private housing site, a plot along Lentor Gardens in the Yio Chu Kang area has drawn just one bid.
Mainboard-listed GuocoLand teamed up with Hong Leong Holdings’ Intrepid Investments to place the bid of S$486.8 million, or nearly S$985 per square foot per plot ratio (psf ppr).
OrangeTee & Tie chief executive officer Steven Tan said: “The eventual launch price may be around S$1,950 to S$2,050 psf.”