Lorong 1 Realty Park attracts 11 bidders

The top bid reached $75.8m.

Lorong 1 Realty Park, a private landed residential site in Hougang, has attracted a total of 11 bids from developers.

The highest bid for the 99-year leasehold housing site came from Fantasia Investment, Sun Rewang, and Yang Xinping. Their bid reached $75.8m or around $5,657.31/sqm of the site area.

The second highest bid hailed from Singhaiyi Investments Pte Ltd and Haiyi Wealth Pte Ltd at $62m.

The site spans around 13,400 sqm and can yield about 50 landed homes.

URA said a decision on the award of the tender will be made after the bids have been evaluated.
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