01 Jun '17, 1pm

MCL Land as top bidder for Eunosville sale

MCL Land as top bidder for Eunosville sale

THE tender for the collective sale of Eunosville which closed on Wednesday is understood to have drawn strong bids, with the highest crossing S$900 per square foot per plot ratio (psf ppr). Those who bid are said to have included MCL Land, Qingjian Realty, Sim Lian, Keppel Land, City Developments, Chip Eng Seng and OUE. MCL Land, a unit of Hongkong Land, was tipped by several sources as the frontrunner with a price of S$920 psf ppr. OrangeTee, the marketing agent for Eunosville's collective sale , declined to comment when contacted on Wednesday night. A seasoned property consultant estimated that a price of S$920 psf ppr, inclusive of the estimated lease upgrading premium that the site's developer will have to pay to top up the site's lease to 99 years as well as differential premium for intensification of the site to a gross plot ratio (ratio of maximum gross floor area t...

Full article: https://www.srx.com.sg/singapore-property-news/37172/mcl-...

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