A 6,501.5 sq m residential site (pictured) at Alexandra View (Parcel B) attracted a total of six bids, with the highest offer submitted by Singland Homes at S$332.68 million when its public tender closed yesterday.
Launched by the Urban Redevelopment Authority (URA) on 7 November, the 99-year leasehold site is expected to yield around 375 housing units and has a maximum permissible gross floor area (GFA) of 31,858 sq m and plot ratio of 4.9.
The top bid from Singland works out to S$10,442.92 psm on the GFA.
Meanwhile, the second highest bid came from Far East Orchard and FCL Topaz at S$300.1 million.
The agency will award the site tender after all the bids have been evaluated.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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