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SG Coronation Road residential site receives 12 bids

Property Here - Friday, June 21, 2013

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A residential site at Coronation Road drew strong interest with 12 bids when the tender closed yesterday, said the Urban Redevelopment Authority (URA).

Launched for tender on 28 March, the 37,440.7sq m site offers a lease term of 99 years and is expected to yield about 140 landed housing units.

The highest bid came from Athens Residential Development at S$366 million or S$9,775 psm over the site area, while Astor Properties submitted the second highest bid of S$313.3 million. Wingzest Investment offered the lowest bid at S$163.1 million.

The winning bid will be announced after all the bids have been evaluated.



Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg