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Malaysian Developer Eco World Tops Bids for Sin Ming Area Housing Plot with S$1,612 Psf Ppr Bid
Eco World’s bid was about 11% above the next highest offer, and consultants had expected four to 12 bids for the 99-year site.
Summary by Business Times
5 Articles
5 Articles
Malaysian developer Eco World tops seven bids for Lorong Puntong GLS site at $1,612 psf ppr in tender debut
Malaysian developer Eco World Development has emerged as the top bidder for a residential site at Lorong Puntong/Sin Ming Avenue, marking its first participation in a government land sale (GLS). The tender, which closed on Sept 15, drew seven bids. Eco World submitted the highest offer of $208.1 million, or $1,612 psf per plot ratio (psf ppr). Its bid was 11.1% higher than the second-highest offer of $187.33 million, or $1,451 psf ppr, from a …
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Total News Sources5
Leaning Left0Leaning Right2Center0Last Updated100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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