A 41,261.2 sq m residential site at Jalan Eunos received a total of five bids in a public tender that closed yesterday.
The top bid was $257.8 million, offered through a joint bid between Tuas Technology Park Pte Ltd. and OPH Marymount Ltd. This translates to around $4,462.43 psm of gross floor area (GFA).
The second-highest bid came from First Capital Development Ltd. at $203.8 million, or $3,528.03 psm of GFA.
First Capital’s bid was 26 percent lower than the highest bid.
Other bidders included Ho Lee Group Ltd. at $189 million, a joint bid between Hoi Hup Realty Ltd. and SC Wong Holdings Ltd. at $162.4 million, and Sim Lian Land Ltd., which offered the lowest bid of $152 million or $2,631.31 psm of GFA.
The 99-year leasehold project is proposed for residential development and has a maximum gross floor area of around 57,766 sq m.
URA released the site for sale on July 20 along with a land parcel at Buangkok Drive/ Sengkang Central.