Chinese buyers have put in a record bid at a Singapore government land sale, the Urban Redevelopment Authority said in a statement.
The Chinese consortium offered S$1bn through Logan Property (Singapore) and Nanshan Group Singapore for the Stirling Road plot which is suitable for around 1,110 residential units.
Cushman & Wakefield’s director of research for Singapore, Christine Li, said it was the first time such a site would cross the S$1bn level.
