Wing Tai-led Consortium Wins Tender for Prince Charles Crescent Land Parcel
by Donavan Lim
A residential plot in Singapore’s Prince Charles Crescent was won by a consortium comprising units of Wing Tai Holdings, UE E&C and Metro Holdings.
The tender was awarded to the consortium after they put in a bid of S$516.3 million, the Urban Redevelopment Authority reported Tuesday.
The parcel, which carries a 99-year lease, has a site area of 23,785.4 square metres and a maximum gross floor area of 49,950 square meters, added the URA.
The consortium comprises Metro Holdings’ Metro Australia, Wing Tai’s Wingstar Investment and UE E&C’s Maxdin.
At the same time, a residential plot at Dairy Farm road was awarded to a tie-up between First Shine Properties and Meadows Bright Development.
The tie-up tendered a bid of S$244.3 million for the 17,545.8 square metres land parcel on a 99 year lease.