SINGAPORE (EDGEPROP) – The tender for two residential government land sale (GLS) sites in Lentor — Lentor Central and Lentor Hills (Parcel B) — and an executive condominium site at Bukit Batok West Avenue 5 closed today.
The Lentor Central site drew just three bids. The top bid of $481.03 million was submitted by a consortium comprising China Communications Construction Co, Soilbuild Group Holdings and United Engineers, a unit of Yanlord Land. This translates to a land rate of $1,108 psf per plot ratio (psf ppr).
The second-highest bid was submitted by CapitaLand Development, which was 3.7% below the top bid at $1,069 psf ppr.