Frasers, Sekisui, CSC Land consortium tops nine bids for Dunearn Road site with S$1,410 psf ppr bid
Its bid of S$491.5 million works out to S$1,410 per square foot per plot ratio (psf ppr).
The state tender for the site, which closed on Thursday (Jun 26), drew nine bids.
Also bidding at the tender were City Developments; a partnership between Sim Lian Land and Sim Lian Development; and a tie-up involving UOL, Singapore Land and Kheng Leong Company.
Other bidders include Kingsford Group and Wee Hur Development.
The plot, which can generate about 380 homes, is the maiden government land sale (GLS) site in Bukit Timah Turf City.
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An adjoining plot, zoned residential with commercial at first storey, is slated for launch in December under the confirmed list of the second-half 2025 GLS programme announced recently. It can generate 335 private homes and 1,400 square metres gross floor area of commercial space.
The government has planned for 15,000 to 20,000 public and private housing units for Bukit Timah Turf City.
Apart from the two GLS sites in Dunearn Road, there are three white sites and more than 20 residential plots (including those with commercial at first storey) that could be made available under the Draft Master Plan (DMP) 2025 unveiled on Wednesday, PropNex noted.
'The plans outlined will establish Bukit Timah Turf City as a self-sustaining neighbourhood with a mix of commercial offerings, healthcare amenities, as well as a school,' said PropNex chief executive officer Ismail Gafoor.
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