Property News · May 19, 2017

Chinese developers submit another record bid for land, this time in Singapore


A residential plot in Singapore may fetch a record price for a government land sale, with a Chinese consortium putting in the highest bid at S$1 billion (US$718 million).
Logan Property (Singapore) Co. and Nanshan Group Singapore Co. put in the highest bid in the Stirling Road land auction that closed Thursday, according to a statement from the Urban Redevelopment Authority. The final award of the site will be decided once the bids have been evaluated.
The price for the land would be equivalent…

Source : South China Morning Post
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