Tian Hock wins Choa Chu Kang Drive tender
Posted by luxuryasiahome on May 29, 2008
THE Urban Redevelopment Authority (URA) yesterday awarded the tender for a residential site at Choa Chu Kang Drive to Tian Hock Properties.
Tian Hock Properties, a unit of Far East Organization, was top bidder for the site at $116.01 million, or $203 per square foot per plot ratio (psf ppr).
The 99-year leasehold site has a maximum gross floor area of 572,600 sq ft.
On Monday URA closed the tender for the site, which attracted four other bids from companies such as Sim Lian Land.
Market watchers’ estimates of the breakeven cost of a new development on the site range from $550-$600 psf, translating to a selling price of $610-$650 psf.
Source : Business Times – 29 May 2008
This entry was posted on May 29, 2008 at 8:43 am and is filed under Developer News, General, Land Sales. Tagged: Choa Chu Kang, Developers, Far East Organization, Land Sales, Tian Hock Properties, URA, Urban Redevelopment Authority. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
