Guocoland came in top bid of $1,230psf per plot ratio or $595.1m for a land sales at Martin Place. Guocoland bid came in just 1.2% higher than a consortium involing City Development Limited, Hong Leong Holdings, TID Residentail and Garden Estates. There's a total of 13 bids for this land sales.
Despite current market situation, 13 land bid shows developer confident level of this location and prominence of this site. At $1,230psf ppr, this is the highest psf for a pure residential GLS site. This might be because of the scarity of prime land in the central region.
This land site can possibly yield 450 residential.
