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CDL bids $768m for Jalan Tembusu site in state land sale, consortium bids $586.6m for Lentor Hills site
City Developments Limited (CDL) was the highest bidder among 8 bidders for the 210,550 square metre GLS site at Jalan Tembusu.
The renowned developer won the site with a bid of $768 million, which translates to $1,302 per sq ft per plot ratio (psf ppr).
CDL‘s bid is about 8% higher than the second highest bid at $712.6 million.
Source: https://www.straitstimes.com/business/property/cdl-bids-768m-for-jalan-tembusu-site-in-state-land-sale-consortium-bids-5866m-for-lentor-hills-site
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