UOL-led consortium is top bidder for URA’s Dorset Road site

The top bid of over $524.3m translated to a land rate of $1,338 per square foot per plot ratio.

UOL Group Limited, along with Singapore Land Group Limited and Kheng Leong, have submitted the highest bid for a URA sale site at Dorset Road, according to UOL.

PropNex said the top bid of over $524.3m translated to a land rate of $1,338 per square foot per plot ratio.

Realion noted that when the new project launches, HDB upgraders may contribute to the demand for units, supported by growing resale prices of flats in Kallang/Whampoa.

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