30 Apr '14, 6am

The Business Times: Sims Drive 99-year private housing plot draws just four bids. Read more here

This was nearly 5.8 per cent higher than the No 2 bid - $502 million or $650.45 per square foot per plot ratio (psf ppr) - from a consortium comprising the Kwek family's listed City Developments and unlisted Hong Leong Holdings, and TID - PHOTO: SPH MALAYSIAN tycoon Quek Leng Chan has trumped his Singapore cousin, Kwek Leng Beng, at a state tender for a 99-year private housing site in Sims Drive . His Singapore-listed GuocoLand bid $530.89 million or $687.88 per square foot of potential gross floor area for the nearly 2.4-hectare site fronting Sims Drive, Aljunied Road and Pan Island Expressway (PIE). This was nearly 5.8 per cent higher than the No 2 bid - $502 million or $650.45 per square foot per plot ratio (psf ppr) - from a consortium comprising the Kwek family's listed City Developments and unlisted Hong Leong Holdings, and TID. In all, the tender drew just four bids...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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Sims Drive housing plot draws just four bids, S...

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