Sengkang EC site draws top bid of $135m from CDL
Purchase this article for republication
Buy SPH photos
An artist's impression of CityLife @ Tampines, which will likely be launched by year end. -- PHOTO: AMARA HOLDINGS, KAY LIM HOLDINGS AND SINGXPRESS LAND
An executive condominium (EC) site in Sengkang has attracted a top bid of $135 million in a six-way tussle as developers continue to show faith in EC popularity.
At least two more EC launches are expected by year-end.
City Developments' (CDL) Verspring Properties topped the table for the 14,100 sq m site at the junction of Sengkang West Way and Fernvale Link with a $296.50 per sq ft (psf) per plot ratio (ppr) bid.
It pipped JBE Development's $134.9 million bid - or $296.20 psf ppr - by just a whisker.
