A joint bid of slightly above S$1 billion from Hong Kong-listed developer Logan Property Holdings and Chinese developer Nanshan Group have emerged top among 13 bidders for a residential site at Stirling Road.
This translated to S$1,050.71 per square foot per plot ratio (psf ppr), 8.3 per cent higher than the second-highest bid from MCL Land.
The site also drew interest from OUE, a joint venture between Singapore Land and UOL Group, and Kingsford Development among others.
http://www.businesstimes.com.sg/com...chinas-nanshan-wins-stirling-road-residential
This translated to S$1,050.71 per square foot per plot ratio (psf ppr), 8.3 per cent higher than the second-highest bid from MCL Land.
The site also drew interest from OUE, a joint venture between Singapore Land and UOL Group, and Kingsford Development among others.
http://www.businesstimes.com.sg/com...chinas-nanshan-wins-stirling-road-residential