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

SingHaiyi Group was the highest bidder for the GLS site at Dunman Road, at $1.28 billion. The bid price translates to $1,350 psf per plot ratio for the 25,234.3 square metres site.

There were only 2 bids for the land site, with the other bid coming from a consortium made up of City Developments Ltd (CDL), Hong Leong Group and TID.  The consortium bidded $1.06 billion ($1,112 psf per plot ratio). This bid price was 20.3% lower than the bid by SingHaiyi Group.

Compared to the bid for the nearby Jalan Tembusu GLS site, which was won by CDL, the $1,350 psf ppr bid by SingHaiyi Group for the Dunman Road GLS site was 4% higher than $1,302 psf ppr paid by CDL for the GLS site at Jalan Tembusu.




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