Toa Payoh Commercial Site Attracts 9 Bids, Top Bid Exceeds S$38.2m

Source : Channel NewsAsia, 16 October 2007

Property developer Sim Lian Development has put in the top bid of S$38.2 million for a hotly-contested commercial site at Lorong 6 Toa Payoh.

This works out to S$9,100 per square metre of gross floor area.

The 1,400-square metre leasehold site has a maximum gross floor area of 4,200 square metres.

All in, the HDB tender exercise for the site attracted nine bids.

HDB expects to announce the award in the next two weeks. - CNA /ls