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Wing Tai, Metro outbid 5 others for Dunearn Road site with bullish S$1,625 psf ppr bid
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Wing Tai-Metro JV tops six bids for second Dunearn Road GLS site at $1,625 psf ppr
The tender for a Government Land Sale (GLS) plot on Dunearn Road closed on April 28. Six bids were received, with a joint venture between Wing Tai Holdings and Metro Holdings submitting the top bid of $533 million, or $1,625 psf per plot ratio (psf ppr). Wing Tai and Metro’s bid was 3.1% over the second-highest bid, submitted by a joint venture comprising Frasers Property, CSC Land Group and Sekisui House. The joint venture had put in a bid …
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