An industrial site at Sin Ming Lane has attracted a top bid of S$68.9 million from MV Land. This is just S$3.5 million more than the second highest bid and works out to S$537 per square metre per gross plot ratio.
The 51,000 square metre site has a plot ratio of 2.5.
The 60-year leasehold site drew a total of five bids.
The Urban Redevelopment Authority will award the tender after evaluating the bids. - CNA/ch
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