A STATE tender for a 99-year leasehold executive condominium (EC) site along Anchorvale Lane in the Sengkang area has attracted a whopping 16 bids.
The highest bid – from Hoi Hup Realty, which teamed up with Sunway Developments – was S$240.95 million, which works out to slightly over S$355 per square foot per plot ratio (psf ppr).
The second highest bid, S$235 million (or S$346.30 psf ppr) , was from Wee Hur Development. Robert Kuok’s Allgreen Properties was the third highest bidder, at S$226.90 million (or S$334.37 psf ppr).
City Developments’ unit Bellevue Properties was the lowest bidder, at S$176 million or S$259.36 psf ppr.
The 2.1-hectare site can generate about 635 homes.
The land parcel is near Tongkang LRT Station.
Other bidders at the tender included a tie-up between Sing Holdings and Maxdin; Kheng Leong Company in partnership with Singland Homes; Sim Lian Land; Qingjian Realty (Residential); China Construction (South Pacific) Development Co; Nanshan Group Singapore Co; Greatview Investment; Soilbuild Group Holdings; and CEL Real Estate Development.
For more information on Rivercove Residences EC by Hoi Hup, simply fill up your details below and our salesperson will get in touch with you shortly!