In February last year, CapitaLand paid S$869 psf ppr for the next-door site, which it is developing into the Sky Habitat condo - PHOTO: BLOOMBERG
CapitaLand unit Allamanda Residential Development has placed the
top bid for a 99-year leasehold private housing site at Bishan Street
14. Its bid of S$505.1 million, or S$852.94 per square foot per plot
ratio (psf ppr), was 3.1 per cent higher than the next highest bid of
S$490.1 million (S$827.61 psf ppr) from a joint venture involving
Singland Homes, UOL Venture Investments, and Orix Investment and
Management.
The tender attracted nine bids. The lowest bid, from Mezzo Development, was S$368 million (S$621.42 psf ppr)
The site is near Bishan MRT station and Junction 8 shopping mall. It can be developed into an estimated 645 homes, according to Housing & Development Board, which conducted the tender as land sales agent for the Singapore government.
In February last year, CapitaLand paid S$869 psf ppr for the next-door site, which it is developing into the Sky Habitat condo.
The tender attracted nine bids. The lowest bid, from Mezzo Development, was S$368 million (S$621.42 psf ppr)
The site is near Bishan MRT station and Junction 8 shopping mall. It can be developed into an estimated 645 homes, according to Housing & Development Board, which conducted the tender as land sales agent for the Singapore government.
In February last year, CapitaLand paid S$869 psf ppr for the next-door site, which it is developing into the Sky Habitat condo.
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