A 144,221 sq ft residential site at Lorong 1 Realty Park has been awarded to Fantasia Investment (Singapore) Pte Ltd, Sun Renwang and Yang Xinping, after the developers submitted the highest bid of S$75.8 million, revealed the Urban Redevelopment Authority on Monday (5 June).
The tender for the rare landed property site attracted 11 bids, with the winning bid working out to a land price of around S$526 psf.
The 99-year leasehold site, which is expected to yield 50 landed homes, was launched for sale on 20 April 2017.
Located near the Hougang MRT station on the North-East Line, the site is also within proximity to several shopping malls including Hougang Mall and Heartland Mall.
This article was edited by Denise Djong.
