SLA Receives 35 Bids For Agricultural Sites In Sungei Tengah

Source : Channel NewsAsia, 15 November 2007

The Singapore Land Authority (SLA) has received 35 bids for four agricultural sites in Sungei Tengah, which were put up for tender in October.

The bids range between S$101,000 and S$1.12 million.

The four sites span 96,000 square metres, or the size of about 11 football fields, and they attracted top bids totalling some S$3.58 million.

SLA said Environmental Landscape is the top bidder for two of the largest sites.

The company's submission was S$1.12 million for the biggest land parcel (31,500 square metres) and S$963,360 for a smaller one (25,564 square metres).

Dragonwana Aquarium Trading submitted the highest bid for the third largest plot (19,634 square metres) at S$530,000, while public-listed Qian Hu Corporation put in S$967,135 for the smallest site (19,342 square metres).

At the close, the sites received 35 bids from 26 tenderers, comprising 21 companies and five individuals.

SLA said the results of the tender will be announced in a few days. - CNA/so