Jurong executive condo site attracts record $272.8m bid
An executive condominium (EC) site at Yuan Ching Road in Jurong notched up a record top bid of $272.8 million on Tuesday.
That offer, from a consortium of Evia Real Estate, BBR Development, CNH Investment and OKP Land, translates to $418 per sq ft (psf) per plot ratio (ppr) for the 20,213 sq m site, believed to be a record psf ppr figure for an EC site.
Two other EC site tenders also closed on Tuesday.
One of them, at Punggol Drive, had a top bid of $312.8 million or $355 psf ppr, lodged by Peak Square.