Thursday, February 24, 2011
Record bid for Bishan land by Capitaland despite earlier cynicism
The Jakarta Globe, 25 Feb 2011Singapore. A prime slice of Singapore government land near Bishan MRT station sparked a bidding war that involved 19 bids and delivered a top offer that was nearly double the market expectations.Analysts had expected a price of S$303 million for the residential site, but CapitaLand easily trumped that with an offer of S$550 million, or S$869 per sq ft per plot ratio
