Tuesday, September 9, 2008

TID Top Bidder For Tanah Merah Site

Source : The Business Times, September 9, 2008

A state tender for a 99-year leasehold private condominium site next to Tanah Merah MRT Station has drawn seven bids.

TID Pte Ltd's top bid of S$84 million works out to about S$282 per square foot of potential gross floor area.

The other bidders were Sim Lian Land (which bid S$75 million), Boon Keng Development, Bishopgsate Developments, FCL Emerald, Hoi Hup Realty and First Changi Development.

The tender, conducted by Urban Redevelopment Authority, closed at noon on Sept 9.

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