Developers getting more aggressive in their land bids, says DBS

SINGAPORE (July 12): A Chip Eng Seng consortium announced on Tuesday night it had put in the record winning bid of $1,110 psf ppr for a piece of land at Woodleigh Lane.

The Woodleigh Lane, the second land site at the new Bidadari Estate, closed with at a record price of $701 million by CEL Unique Development, a consortium made up of local developers and builders Chip Eng Seng, Heeton and KSH.

Coming in second was a Keppel Land-Wing Tai JV at just $6 million -- or $9 psf ppr -- short of the winning bid.

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