CDL Places S$1,132 Psf Ppr Top Bid for Plot Next to Lakeside MRT Station

CDL Places Top Bid for Singapore's Lakeside Drive GLS Site - Mingtiandi

Singapore developers have shown that attractive residential sites can still spur competitive bidding with top builder City Developments Ltd placing the top offer for a plot in the city-state’s Jurong Lake in a tender which closed on Tuesday. The developer... Read More>> The post CDL Bests Five Rival Bids to Places Top Offer of $472M for Singapore Residential Site appeared first on Mingtiandi.

CDL places S$1,132 psf ppr top bid for plot next to Lakeside MRT station

City Developments has placed the top bid for a 99-year leasehold site next to Lakeside MRT station in the Jurong West area.

CDL submits top bid of $1,132 psf ppr for Lakeside Drive GLS site

The tender for a Government Land Sale (GLS) site at Lakeside Drive closed on June 3, drawing six bids. The top bid of $608 million, or $1,132 psf per plot ratio (psf ppr) came from City Developments Limited (CDL).    CDL’s bid was  10.4% higher than the second-highest bid of $550.56 million ($1,025 psf ppr) that came from a joint venture between Frasers Property and Mitsubishi Estate Asia. The next highest bidder was a CapitaLand-SingHoldings jo…