A residential with site with first-storey commercial space at Alexandra View has been awarded to Tang Skyline Pte Ltd, after it submitted the highest bid of S$376.9 million.
A subsidiary of Far East Consortium International, Tang Skyline beat 10 other bidders, with its bid working out to S$9,158 per square metre on the gross floor area (psm/GFA).
The 99-year leasehold site was launched for sale on 30 September 2015. It is situated next to Redhill MRT Station and could yield around 400 residential units.
The 8,398.5 sq m site is close to Tiong Bahru Plaza, Queensway Shopping Centre and IKEA Alexandra. Nearby schools include Crescent Girls’ School and Gan Eng Seng Primary and Secondary Schools.
Cheryl Marie Tay, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email cheryl@propertyguru.com.sg
