Sing Holdings-Sunway Developments JV Submits Highest Bid for Second Chuan Grove GLS Site at $1,331 Psf Ppr

Sing-Sunway JV Bests Four Competing Bids for Singapore Site - Mingtiandi

A joint venture of local builder Sing Holdings and Malaysia’s Sunway Group entered the top bid of S$623.9 million ($483.9 million) for a residential site in northeastern Singapore, according to the Urban Redevelopment Authority. China’s state-backed COLI placed the runner-up... Read More>> The post Sing Holdings-Sunway JV Bests Four Competing Bids for Singapore Residential Site appeared first on Mingtiandi.

Sing Holdings-Sunway Developments JV submits highest bid for second Chuan Grove GLS site at $1,331 psf ppr

The second Government Land Sale (GLS) site at Chuan Grove closed on Sep 4 with five bids. A joint venture between Singapore-listed property developer Sing Holdings and Malaysian developer Sunway Developments submitted the highest bid of $623.9 million, which translates to a land rate of $1,331 psf per plot ratio (psf ppr).  The latest GLS site, measuring 156,231 sq ft, is expected to yield approximately 505 residential units with a maximum gross…