It plans Holland V-type shophouses, 150-200 apartments
The tender for a residential and commercial plot at the corner of Yio Chu Kang and Seletar roads yesterday drew 12 bids, with Far East Organization topping the list with an offer that outshone its closest competitor by a huge 35 per cent – possibly the widest margin at a state tender in recent years.
Far East’s offer of $119.08 million works out to $376 per square foot of potential gross floor area – much higher than market expectations.
The second-highest bid, by a Centurion Properties unit, was $88.19 million or $279 psf per plot ratio (psf ppr).
Sim Lian, Soilbuild Group and Frasers Centrepoint bid in the $247 to $253 psf ppr range. Continue reading
Lush Dream Home 