The location on Kampong Java Road was sold, on tender on January 15, 2019. The site covers 125,326 sq ft of land in subzone on Kallang, Singapore. There was a high expectation on Kampong Java Road purchases, but this time, hope was cut off. The site was sold for much less. Tricia Song, Director and the Head of Research at Colliers International Singapore, said: “The top bid was below our expectations, a testament to the cautious mood of the developers.” The latest development is Kopar at Newton which is by CEL Development and located near to the city.
Kopar at Newton New Development by Chip Eng Seng
We had seven bids on tender, and the highest bid was from CELH Development Pte. Ltd, a construction and property developer from Singapore ( Chip Eng Seng Corporation ). This company offered $1,192 per square feet, so the site coast $418.8 million. The …
