The tender for a residential site (pictured) located at Pheng Geck Avenue (Parcel B) closed yesterday after attracting a total of 13 bids, with the top bid at S$114.8 million.
It translates to S$6,762.09 psm and was offered by Santarli Corporation. The second highest bid came from OUE Reef Development at S$113.75 million. Meanwhile, Vantage Properties offered the lowest bid of S$92.5 million.
The 99-year leasehold land parcel was put up for tender on 15 May.
The URA (Urban Redevelopment Authority) will announce the successful tenderer for the site after evaluating all the bids.
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