Singxpress Land: together with Kay Lim Holdings submitted the top bid of $123.9m ($281 psf ppr) for a DBSS site at Pasir Ris, out of 9 participants in the tender. The winning bid was 19% higher than the 2nd bid placed by Yuan Ching Dev, and came in above market forecasts of $250 psf ppr. Lease term is 103 years including a 48-month construction period. GFA is ~441k sq.ft and is estimated to accommodate 410 housing units...
It is in close proximity to Pasir Ris MRT and amenities in Pasir Ris Central.
Stock trades at 2X P/B. Request for trading halt from 9am this morning.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment