Sim Lian scores top bid of $828.8m for Jalan Tembusu state land tender
Sim Lian Secures Top Bid for Jalan Tembusu State Land Tender
Sim Lian Group has successfully won the tender for state land at Jalan Tembusu with a bid of $828.8 million. This acquisition is part of a broader initiative to develop residential properties in the area, which is expected to include around 1,100 units of new homes. The project aligns with ongoing efforts to meet housing demands in Singapore.
The winning bid highlights the competitive nature of the current property market, with Sim Lian’s offer reflecting the potential value of the location. The site’s proximity to key amenities and transport links is likely to enhance its attractiveness to future buyers.
As the development progresses, it is anticipated to contribute significantly to the local community, providing much-needed residential options while supporting the government’s housing policies. The successful bid underscores Sim Lian’s commitment to expanding its portfolio in Singapore’s evolving real estate landscape.
Source: https://www.straitstimes.com/business/sim-lian-scores-top-bid-of-8288m-for-jalan-tembusu-state-land-tender
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