SingHaiyi submits highest bid of $1.284 bil for Dunman Road GLS site

SingHaiyi Group was the highest bidder for the Dunman Road GLS site at $1.28 billion ($1,350 psf per plot ratio).

There were only 2 bids for the 25,234.3 square metres land site.

The other bid, which came from a consortium made up of City Developments Ltd (CDL), Hong Leong Group and TID, was $1.06 billion ($1,112 psf per plot ratio). This bid price was 20.3% lower than the bid by SingHaiyi Group.

The price of $1,350 psf per plot ratio paid by SingHaiyi Group for GLS site at Dunman Road was 4% higher than $1,302 psf per plot ratio paid by CDL for the Jalan Tembusu GLS site.




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