SingHaiyi Group has emerged tops in a 12-way contest for a plum executive condominium (EC) plot in Sengkang.

The listed company lodged the top bid of $192.9 million.

It did this through its unit Phoenix Real Estate, formerly known as Phoenix 88.

The amount works out to $367 per sq ft (psf) per plot ratio (ppr) for the 175,236 sq ft parcel at Anchorvale Crescent, near the Sengkang MRT station.

It pipped the second highest bid of $363 psf ppr by MCL Land by just 1 per cent.

The lowest offer was lodged by Wee Hur at $264 psf ppr.