The highest bid was put forth by Hoi Hup Realty Pte Ltd (Hoi Hup Realty) and Sunway Developments Pte Ltd. The joint venture won with highest bid of $434.45 million for the Tampines site. This converts to $578 per square feet (psf) per plot ratio (ppr).
The 2nd highest bid was submitted by MCC Land came closely behind at $431.62 million, which is also another well known EC developer in recent years.
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