25 May '16, 11pm

11 bids for Bukit Batok mixed-use site ? Question? Ask @AskREALTORsg

Map of the Bukit Batok mixed-use site. (Source: URA) Despite the slowdown in Singapore’s property market, the tender for a residential and commercial site in Bukit Batok that was launched for sale on 30 March drew 11 bids, with a Chinese developer submitting the highest offer, revealed the Urban Redevelopment Authority (URA). The top bid of $301.16 million, or $6,830 psm based on the plot’s maximum permissible gross floor area (GFA), came from Qingjian Realty. This was followed by Allgreen Properties with an offer of $277.98 million, or $6,305 psm, and Wee Hur Development with $268 million ($6,078 psm). Located at Bukit Batok West Avenue 6, the 14,696.7 sq m site has a leasehold tenure of 99 years. It has a plot ratio of 3 and a maximum GFA of 44,091 sq m. If the site is awarded to Qingjian Realty, it would become its first mixed-use development in Singapore, following its...

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

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