Source : The Straits Times, Feb 19, 2008
THE results of the most recent tender for a Bishan plot illustrates how foreign players are increasingly making inroads into privately-developed public housing here.
China's Qingdao Construction Group Corporation emerged as the top contender for a 1.5ha plot in Bishan Street 24 with a bid of $135.9 million, almost $20 million more than the next bidder.
The Housing Board will evaluate the tender, which closed on Tuesday, and is expected to announce its award in the next two weeks.
Qingdao, which has been building in Singapore for the past nine years, out-bid homegrown Sim Lian Land and a local-foreign joint venture comprising Hoi Hup Realty and Malaysia's Sunway Concrete Products.
Sim Lian's bid of $116 million was second highest.
Read the full story in Wednesday's edition of The Straits Times.
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