(Source: www.businesstimes.com.sg)

A joint bid of slightly above S$1 billion from Hong Kong-listed developer Logan Property Holdings and Chinese developer Nanshan Group have emerged top among 13 bidders for a residential site at Stirling Road.

This translated to S$1,050.71 per square foot per plot ratio (psf ppr), 8.3 per cent higher than the second-highest bid from MCL Land.

The site also drew interest from OUE, a joint venture between Singapore Land and UOL Group, and Kingsford Development among others.

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