Wednesday, August 13, 2008

URA’s 99-yr site receives one bid

Source : Business Times - 12 Aug 2008

An Urban Redevelopment Authority tender for a 99-year leasehold condominium site at Tampines Ave 1/Ave 10 facing Bedok Reservoir closed on Tuesday receiving just one bid.

Boon Keng Development bid S$84.63 million or S$117.96 per square foot of potential gross floor area. The bid was way below market expectations.


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