What the Jalan Lempeng tender bid means for unit prices

Units for the site are estimated to have a breakeven cost of $950-$980 psf so expect to pay more.

Colliers International made the ballpark estimate after the bids for Jalan Lempeng topped at $408 million or $554.35 psf ppr from Malaysian developer IOI Properties Berhad.

This winning bid for the private non-landed residential site was 13% and 22.2% higher than the second- and third-highest bids.

"The price range reflects the keen interest of IOI Properties Berhad on the site amid continued cautiousness among other developers," said Colliers International in its bid result comments.

"The interest stems from the site’s location, which is also a stone’s throw away from the Clementi MRT Station, bus interchange and tertiary educational institutions (e.g. National University of Singapore, the upcoming School of Science & Technology Singapore and Singapore Polytechnic)," it added.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia