30 Apr '14, 11pm

#GlobalREBubble #Singapore 'HDB Awards Sims Drive Site To GuocoLand' via @SGPropertyGuru

The housing board has awarded a residential site (pictured ) at Sims Drive to First Changi Development, a unit of GuocoLand. The developer had submitted the top bid of $530.9 million for the 23,900.1 sqm plot when the tender closed yesterday. Offered on a 99-year lease, the land parcel could be developed into a condominium or flats. Located close to Aljunied MRT station and the upcoming Paya Lebar commercial hub, the site could generate 900 units.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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