SPH – ST

SPH submits highest bid of $328 million for Sengkang commercial site

Singapore Press Holdings has topped a state land tender exercise for a commercial site in Sengkang with its bid of $328 million.

The $328 million bid works out to $1,156 per square foot per plot ratio (psf ppr) , higher than the $800 psf ppr price market watchers had earlier predicted.

Located at the junction of Sengkang West Avenue and Fernvale Road, the land site measures 94,618 sq ft and can potentially be developed into a landmark commercial development.

The competitive land tender saw a total of 12 developers vying for the plot that sits at the junction of Sengkang West Avenue and Fernvale Road.

 

From HDB site,

Land Parcel at Sengkang West Avenue / Fernvale Road (Sengkang P2) for Condominium Development

Tender Launch Date : 21 Nov 2011
Tender Close Date : 17 Jan 2012

S/N

NAME OF TENDER

TENDER PRICE ($)

1

Earth Holdings Pte. Ltd.

$328,000,000

2

Alpro Management Services Pte Ltd

$272,217,600

3

Mapletree Trustee Pte. Ltd. (As Trustee of Anson Trust)

$227,400,000

4

FC Commercial Trustee Pte. Ltd. (As Trustee-manager of Aquamarine Star Trust)

$218,608,000

5

Kentish View Pte Ltd

$214,777,000

6

Noscom Investments Pte. Ltd.

$207,106,106

7

Sim Lian Land Pte Ltd & Sim Lian Development Pte Ltd

$188,882,000

8

Mercatus Retail Holdings Pte. Ltd.

$186,000,000

9

Guthrie (SKG) Pte. Ltd. and Sun Venture Group Pte. Ltd.

$178,800,000

10

Mezzo Development Pte Ltd

$168,000,000

11

S. L. Development Pte. Limited

$153,280,000

12

Unique Capital Pte. Ltd.

$128,303,078


Note: A decision on the award of the tender will be made after the bids have been evaluated. This will be announced at a later date.


 

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