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Top bid for EC site: $193.3m

cheekenpie

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Top bid means top selling price. Yay!

Singapore
Home > Breaking News > Singapore > Story
Mar 4, 2010
Top bid for EC site: $193.3m
By Joyce Teo, Property Correspondent

The open field beside Buangkok station, where a tender for an executive condominium (EC) site has attracted eleven bids. In the background is the Renjong LRT station, which is open and connects to Sengkang MRT. -- ST PHOTO: EDWIN KOO

THE tender for an executive condominium (EC) site in Sengkang, near Buangkok MRT Station, attracted eleven bids.

Opal Star and Lum Chang Building Contractors put in the top bid of $193.28 million.

Other bidders include Hoi Hup Realty , Sim Lian Land and ChoiceHomes Investments.

The 19,000 sq m site, which can be developed into 520 EC units, is one MRT stop away from Sengkang Central.

ECs are making a comeback after a hiatus of almost five years, as the Government moves to ramp up flat supply for middle-income home buyers.
 
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