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Dec 8, 2009
32 bids for Jurong plot
<!-- by line -->By Joyce Teo, Property Correspondent
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A 99-YEAR leasehold landed plot in Jurong West attracted a whopping 32 bids.
Chappelis put in a higher-than-expected top bid of $38.5 million or $254 per sq ft.
This was followed closely by Hoi Hup Realty and Sunway Developments' bid of $38 million or $250 psf.
Other bidders include EL Development, Soilbuild Group and Frasers Centrepoint.
The top bid for the 14,098.9 sq m site in Westwood Avenue came in higher than expected.
The site was offered for tender last year. But the government did not award it as the bids it attracted were considered too low.
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32 bids for Jurong plot
<!-- by line -->By Joyce Teo, Property Correspondent
<!-- end by line -->
<!-- end left side bar --><!-- story content : start -->
A 99-YEAR leasehold landed plot in Jurong West attracted a whopping 32 bids.
Chappelis put in a higher-than-expected top bid of $38.5 million or $254 per sq ft.
This was followed closely by Hoi Hup Realty and Sunway Developments' bid of $38 million or $250 psf.
Other bidders include EL Development, Soilbuild Group and Frasers Centrepoint.
The top bid for the 14,098.9 sq m site in Westwood Avenue came in higher than expected.
The site was offered for tender last year. But the government did not award it as the bids it attracted were considered too low.
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