31 Jan '18, 8am

CBRE Comments: Tender Close for Handy Road, Chong Kuo and West Coast Vale

Desmond Sim, Head, CBRE Research, Singapore and South East Asia: “The bid results show that a seasoned developer has won two out of three sites offered for sale via a batch tender – Handy Road and West Coast Vale – a reflection of the developer’s confidence in the two sites, helped by strong financial muscle. The tenders were batched to spread the bids across more than one site with the intention of curbing exuberance in land bids. Not surprisingly, Handy Road garnered the highest number of bidders as it is located in the Core Central region. Top bidders for the West Coast Vale and Chong Kuo sites displayed similar levels of interest with winning margins of less than one percent.” Follow us on Twitter: @cbresingapore And on LinkedIn: company/cbre-asia-pacific Disclaimer: Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the ...

Full article: https://www.cbre.com.sg/about/media-centre/cbre-comments-...

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