Phoenix Real Estate, a wholly-owned subsidiary of SingHaiyi Group, has submitted the provisional highest bid of S$193 million for a 99-year leasehold executive condominium site in Anchorvale Crescent, Sengkang.
The highest of 12 bids, it was followed by MCL Land (Brighton) and Fantasia Investment (Singapore), with bids of S$191 million and S$189 million respectively.
SingHaiyi’s tender price is approximately one percent higher than that offered by the next highest bidder.
Launched for tender on 18 November 2013, the 16,280 sqm Sengkang site has a maximum GFA of 48,840 sqm and a gross plot ratio of 3.0. It is expected to yield around 545 housing units.
HDB said that a decision on the award will be made after all of the bids have been evaluated.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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