25 Mar '14, 3am

UOL makes top bid of $648 psf ppr for Bartley site

UOL makes top bid of $648 psf ppr for Bartley site

UOL's top bid of $648.30 per square foot per plot ratio (psf ppr) for the site near Bartley MRT Station was just 3.7 per cent higher than the second-highest offer of around $625 psf ppr by EL Development - PHOTO: SPH The first state tender this year for a private housing site may reflect a divergence in views among property developers amid an uncertain market outlook. UOL's top bid of $648.30 per square foot per plot ratio (psf ppr) for the site near Bartley MRT Station was just 3.7 per cent higher than the second-highest offer of around $625 psf ppr by EL Development. However, the top two bids were quite far apart from the other five. Noteworthy was the sixth-position bid of $463 psf ppr by a partnership between City Developments Ltd (CDL) and TID. The two had earlier teamed up with Hong Leong Holdings to clinch two nearby sites. Together they had shelled out nearly $621 ...

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

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