Report
EL Development submits sole S$450.1 million bid for Marina Gardens Lane site
The Straits Times reports market watchers had expected up to six bidders for the planned 390-home site.
TLDR
EL Development was the only bidder when the Singapore land tender closed on October 15, offering S$450.1 million, or S$1,242.96 per square foot per plot ratio, The Straits Times reports. The site is intended for a 390-home project. Another Marina Gardens Lane site drew four bids in July 2023, with a top offer of S$1,402 per square foot per plot ratio.
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