Jalan Loyang Besar/Pasir Ris Rise site gets almost $141m top bid

The 17,274.2 sqm land parcel received 13 bids with the highest coming from the group of Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Oriental Worldwide Investments Inc.

The site at Jalan Loyang Besar/Pasir Ris Rise, which can potentially yield about 355 housing units, was launched for public tender on 25 August 2011 and was offered for sale on a 99-year lease.

A decision on the award of the tender will be made after the bids have been evaluated.

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