A residential site at Commonwealth Avenue (pictured) has been awarded to a consortium comprising Intrepid Investments, Verwood Holdings and Hong Realty, after the developer submitted the highest bid of S$562.8 million.
Launched for sale on 18 December, the 130,101 sq ft site only attracted three bidders.
The 99-year leasehold plot could yield about 700 housing units.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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