Bids for Siglap site

A GLS site in East Coast/Siglap area received 8 bids in the recent tender that just ended. The top 4 bids are at above  $800 psf — showing optimism among the developers in the site as well as the region.  The consortium of FCL Topaz, Sekisui House and KH Capital submitted a top bid of $624.18 million or $858 psf ppr for the site between VJC and ECP. The attractive attributes to the site includes being close to amenities at East Coast area and Katong, as well as rare unblocked sea views. The latest MRT project to be announced TEL line is also undergoing preparation works for completion after 2020.

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