RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Highest bidder for Dairy Farm Road site offered $368m

The highest bid for the Jalan Jurong Kechil hit $215m.

The sites located in Dairy Farm Road and Jalan Jurong Kechil closed its tender, collecting five and three bids, respectively, the Urban Redevelopment Authority (URA) reported.

With a site area of 19,647.7 m, the Dairy Farm Road mixed-use development site received its highest bid of $368.8m or $8,938 psm of GFA from UED Residential. Also joining the bidders are the consortium of MCC Land and Greatview Investment which offered $364.89m, and the consortium of CSC Land and COHL which priced their bid at $357m.

The residential site with a permissible commercial area at first storey also lured bids from CEL Property which offered $333.33m, and Wee Hur Development which offered their bid at $228.8m.

Meanwhile, Jalan Jurong Kechil residential site's highest bidder is the consortium of CSC Land and COHL with a bid of $215m or 10,788 psm of GFA. Other bidders include Hao Yuan Investment which offered $163.8m and Sim Lian Land which priced their bid at $130m.

The sites at Dairy Farm Road and Jalan Jurong Kechil were launched for public tender on 31 May and 28 June, respectively.

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