trending Market Intelligence /marketintelligence/en/news-insights/trending/hcHtbm0Zoz0kFlK35FrkjQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Singapore site fetches S$583.9M top bid from City Developments

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview

Singapore site fetches S$583.9M top bid from City Developments

The Urban Redevelopment Authority's public tender for the 12,786.5-square-meter Irwell Bank Road residential site attracted seven bids, with City Developments Ltd. submitting the highest offer of S$583.9 million.

A consortium comprising Far East Organization Pte. Ltd. and Sekisui House Ltd. submitted the second-highest offer of S$560.1 million, while Frasers Property Ltd. came in at third with an offer to pay S$528.0 million, according to the URA's Jan. 9 release.

The property with a 99-year lease period has a maximum permissible gross floor area of 35,803 square meters.

Meanwhile, the public tender for the 4,666.6-square-meter residential plot at Jalan Bunga Rampai also closed Jan. 9, with Wee Hur Development Pte. Ltd. placing the top bid of S$93.4 million.

The 99-year leasehold site with a maximum permissible gross floor area of 9,800 square meters attracted a total of nine offers, the Singaporean authority added.

As of Jan. 9, US$1 was equivalent to S$1.35.