Property developer MCC Land has offered the highest bid of S$131.70 million for a land parcel in Sembawang Road/Canberra Drive during a public tender by HDB.

HDB received a total of seven bids for the 22,567.8-sq-m site, which was released for public tender in April and closed on Tuesday.

The 99-year leasehold site is slated for strata landed housing or condominium developments. It has a maximum Gross Floor Area (GFA) of 31,594.92 sq m.

MCC Land’s S$131.70 million bid translates to around S$4,168.4 psm per GFA.

The second highest bid was $122.55 million offered by Malaysia’s S P Setia International.

The results of the tender were only provisional. HDB will still evaluate the bids and announce the final results within the next two weeks.

Kandy Bong
Your Trusted Real Estate Specialist
Mobile - 8484-8866
Email - dwghousing@gmail.com
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