SingHaiyi JV tops 8 bids for Bayshore plot with S$1,388 psf ppr offer

First GLS site in Bayshore draws eight bids, SingHaiyi puts in top bid of $1,388 psf ppr

The tender for the first private housing Government Land Sale (GLS) site in the upcoming Bayshore precinct closed on March 18, drawing eight bids. The 99-year leasehold site is located on Bayshore Road, next to the Bayshore MRT Station. Spanning 112,992 sq ft, the plot can yield about 515 units. SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings (the Celine and Gordon Tang-controlled entity that holds majority sharehold…

SingHaiyi JV tops 8 bids for Bayshore plot with S$1,388 psf ppr offer

A tie-up between SingHaiyi Group and Haiyi Holdings has placed the top bid of S$658.9 million or about S$1,388 per square foot per plot ratio (psf ppr) for a 99-year leasehold private housing plot next to Bayshore MRT station.