Kingsford Development Wins S$243.22-million Bid for Singapore Residential Site
by Jared Heng
Kingsford Development has won its bid for the residential site at Hillview Avenue in Singapore.
It earlier submitted the highest bid of about S$243.22 million for the 12,648.5-square metre site.
With a 99-year lease term, the land parcel has a maximum permissible gross floor area of 35,416 square metres and can potentially yield some 370 units.
Its tender was launched on January 19 and closed on March 6.
A total of seven bids were recorded at the close of the tender.