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Uneven bidding for adjacent Choa Chu Kang EC sites

Published on Feb 25, 2014 5:51 PM

Bidding was uneven for two executive condominium (EC) land parcels in Choa Chu Kang that ended today, though the same developer emerged tops for both.

MCL Land put in the highest bids for Choa Chu Kang Grove Parcel A at $232.5 million and Parcel B at $210.1 million.

Its bid for Parcel A translates to around $375 per sq ft (psf) per plot ratio (ppr), slightly higher than the maximum $370 psf ppr analysts earlier predicted.

However, its $339 psf ppr top offer for Parcel B hovered just above the bottom end of the predicted price range, which had been $330 psf ppr.

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