This GLS site was sold at a record-breaking price of $419 per sq ft

It fetched a whopping $272.8m.

According to Knight Frank, largely due to the limited availability of ECs in Jurong area, the GLS site at Yuan Ching/ Tao Ching Road was hotly contested, achieving a record-breaking price of $419 per sq ft per plot ratio (ppr) and awarded to a venture formed by three companies (Evia Real Estate (5) Pte Ltd, BBR Development Pte Ltd, CNH Investment Pte Ltd and OKP Land Pte Ltd) at a total bid price of $272.8 million.

The previous record land bid price for the EC segment was achieved for the site at Tampines Central 7 (currently The Tampines Trilliant) at $392 per sq ft per ppr, which was awarded to Sim Lian Group at a bid price of $278.7 million in 2Q 2011.

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