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Subdued bids for adjacent Yishun executive condo sites

Published on May 22, 2014 5:52 PM

SINGAPORE - Developers bid cautiously for two adjoining executive condominium (EC) parcels at Yishun Street 51 on Thursday.

Offers for both sites came in at the lower end of analyst expectations, amid a soft residential market.

The top offer out of six bids for the first plot, Parcel A, was $330 per sq ft (psf) per plot ratio (ppr), submitted by a consortium led by City Developments (CDL).

It edged out Sim Lian which offered $323 psf ppr.

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