SingLand bids $322.7 mil for Alex Residences

At the close of the tender for the 99-year leasehold residential site at Alexandra View, six bids were received, of which SingLand Homes, a unit of Singapore Exchange-listed Singapore Land, submitted the highest bid of $332.68 million, or $970 psf per plot ratio.
Alex Residences
Alexandra View Site won by Singland

The site has an area of just under 70,000 sq ft and a maximum gross floor area of 342,909 sq ft. The second-highest bid was $300 million, by a joint venture between Far East Orchard and Frasers Centrepoint. Chip Eng Seng’s CEL Property made the third-highest bid, of $282.2 million. The main selling point of the site is its proximity to the Redhill MRT station, says Nicholas Mak, executive director of research and consultancy at SLP International.

The site is now called Alex Residences.

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