Malaysian developer S P Setia to build $457 million luxury condo in Singapore

KUALA LUMPUR – S P Setia Bhd, having beat 24 other bidders for a plot of land at Toh Tuck Road in Singapore, plans to develop a five-storey luxury condominium there with a gross development value of S$457 million.

In a statement, the property developer said the 4.6-acre site, for which it was reported to have made the highest bid of S$265 million or S$939 per sq ft of gross floor area, would represent its third development in the republic. Continue reading