Updated: 08/08/2014 01:48

Two residential sites at Fernvale Road in Sengkang saw relatively low number of bids from developers



Two residential sites at Fernvale Road in Sengkang saw relatively low number of bids from developers

Two residential sites at Fernvale Road in Sengkang has received relatively low number of bids from developers. 

The first site received just four bids, with the top submission of nearly $235 million by CEL Development and Unique Residence. 

The second site, which received three bids, saw the highest bid of over $252 million, also submitted by CEL Development and Unique Residence. 

The Urban Redevelopment Authority says it will announce the final tender results at a later date. 

The two residential sites at Fernvale Road are offered for sale on 99-year lease terms.

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