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.