The tender for an industrial site at Playfair Road has attracted strong bids.
There were 12 bids for the 8,600 square metre site. The highest bid of S$33 million was submitted by Trio Link Development. It works out to about S$142 per square foot per plot ratio.
According to property consultants CB Richard Ellis, this was the highest bid ever for a 60-year leasehold industrial site.
The Playfair Road site was opened for public tender on 10 January this year. - CNA/ac
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