Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
Singapore : Tampines land parcel gets 6 bids, highest at $233.53m
Publish Date : 11-May-2012
The land parcel at Tampines Central 7, Tampines Ave 7 and Tampines Ave 9, fetched the highest bid of $233.53 million when it closed on Thursday.
Singxpress Property Development Pte Ltd, Creative Investments Pte Ltd and Kay Lim Realty Pte Ltd jointly submitted the top bid, which works out to $4,019.28 per sq m per gross floor area (GFA).
The land measures 20,750.50 sq m and has a maximum GFA of 58,101.40 sq m. It has a 99 year lease and can yield 580 units of executive condominium housing when completed.
A total of six bids were received, with the lowest coming in at $215.5 million, submitted by MCL Land Limited.
