MCL Land came in top bid for a land sales at Margaret Drive. MCL bidded the land for $239,390,301 or $10,740.72psm while the 2nd bid was at $220,080,000 by Allgreen Properties and UOL also at almost the same price.
This highly contested site has a total of 14 bidders proabably due to its city fringe strategic location near to Commonwealth MRT Station and also situated in a mature estate with numerous amenities surrounding it. Some of the dining and entertainment options include Ikea (Alexandra), Alexandra Central, Holland Village and also Dempsey Hill.
This land at Margaret is on a 99 years leasehold and is zone as "Residential" with site area of 4,809.8 meter square.