Two residential sites at Upper Serangoon View attract eight bids each

Two private residential plots in Upper Serangoon View have drawn top bids of more than $200 million each.

There were eight offers each for the prime plots overlooking the Sungei Serangoon river and Serangoon Park Connector, which the Urban Redevelopment Authority had launched for tender on Sept 30.

Parcel A, which has a site area of 165,141 sq ft, scored a top bid of $258.8 million, and the 128,663 sq ft Parcel B scored $201.6 million.

The sites were offered for sale on 99-year lease terms and nearby amenities include Hougang Mall and Hougang MRT station.

The tender closed on Thursday.