Mixed site in Yishun attracts five bids

SINGAPORE - The tender for a mixed commercial and residential site at Yishun Avenue 4 launched last November closed today, with a total of five bids received.

The highest tender price of $185 million was a joint bid from Northern Resi and Northern Retail.

In second place was KBD Ventures and Changi Properties with a $181.6 million bid, followed by a $168 million bid from Sim Lian.

Wee Hur Development came in fourth with a bid of $160 million, and KSH Land Development finished last with a bid of $94.5 million.

The 9,760 square metres Yishun site has a 99-year lease, with a gross floor area of 27,327 sqm. It can contain an estimated 180 housing units.