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#1
13-09-2024, 09:10 PM
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5 Towkays Tried To Lowball PAP! Offer Only $640 psf To Develop Jurong Real Estate!
An honorable member of the Coffee Shop Has Just Posted the Following:
SINGAPORE - The tender for a 99-year leasehold master developer site in the up-and-coming Jurong Lake District was not awarded as one of the two bids received from the sole tenderer was deemed too low by the authorities. The other bid did not make it to the second stage of the tender, where shortlisted concept proposals are assessed on price alone. The tendered price of $6,888.90 per sq m of gross floor area for the shortlisted proposal was assessed to be too low, the Urban... Read more Click here to view the whole thread at www.sammyboy.com. 
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