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SG Faber Walk residential site draws S$156.7m top bid

Property Here - Wednesday, June 19, 2013

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A residential site at Faber Walk drew interest from 18 bidders when tender closed yesterday, according to the Urban Redevelopment Authority (URA).

Launched for tender on 15 April, the 15,125.4sq m site has a maximum gross floor area (GFA) of 21,176 sq m and a lease period of 99 years.

World Class Land submitted the top bid of S$156.7 million or S$7,399.32 psm over the GFA, while Keng Hoe Development submitted the second highest bid at S$155 million.

The lowest bid was offered by Vantage Properties at 110.8 million.

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

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