Faber Walk residential site draws S$156.7m top bid

A residential site at Faber Walk drew interest from 18 bidders when tender closed yesterday, according to the Urban Redevelopment Authority (URA).

Launched for tender on 15 April, the 15,125.4sq m site has a maximum gross floor area (GFA) of 21,176 sq m and a lease period of 99 years.

World Class Land submitted the top bid of S$156.7 million or S$7,399.32 psm over the GFA, while Keng Hoe Development submitted the second highest bid at S$155 million.

The lowest bid was offered by Vantage Properties at 110.8 million.

The winning bid will be announced after the bids have been evaluated.

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