UOL Group has placed the top bid for a 99-year leasehold condo plot at Dakota Crescent facing the Geylang River. Its bid of slightly over $329 million works out to $508 per square foot per plot ratio.
The tender, conducted by Urban Redevelopment Authority, closed at noon on Tuesday and attracted a total of 13 bids. The other developers that bid for the site included Frasers Centrepoint, MCL Land, Sim Lian Land and Lippo group.
Source : Business Times – 8 Sep 2009
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