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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Posted in Developers
THE Urban Redevelopment Authority (URA) yesterday said that it has awarded the tender for a hotel site in New Bridge Road to Leedon Investments. The company was top bidder in a state tender for the 99-year leasehold plot that closed last week. Its bid of about $67.7 million works out to almost $401 per square foot (psf) of potential gross floor area. Leedon Investments is part of Hong Kong’s Far East Consortium International group, which is not related to Singapore property giant Far East Organization.
Source : Business Times – 8 Sep 2009
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Posted in Developers
Tagged Leedon Investments, URA, Urban Redevelopment Authority
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