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SG Fernvale Close site attracts 9 bids

Property Here - Friday, June 14, 2013

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By Shabnam Muzammil:

A residential site (pictured) at Fernvale Close received nine bids from developers when its tender closed yesterday, according to the HDB.

Launched for public tender on 15 April, the 14,930.5 sq m site offers a maximum gross floor area (GFA) of 44,791.5 sq m and a gross plot ratio of 3.0. The site is offered on a 99-year leasehold, and could yield 495 housing units.

A consortium comprising FCL Topaz, Far East Orchard and Sekisui House, submitted the highest bid at S$256.98 million or S$5,737.25 psm over its GFA, followed by MCC Land’s (Singapore) S$250 million bid or S$5,581.42 psm/GFA.



Shabnam Muzammil, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email shabnam@allproperty.com.sg