A 99-year leasehold land at Lorong Lew Lian was released by URA for sale in Oct 2015. This land parcel was located at the cross junction between the Upper Serangoon Road and Lorong Lew Lian and is just a short distance away from Serangoon Central and Serangoon MRT station.
This land parcel has attracted a total of 11 bidders. Tenderers bidding for the land include renowned developers such as CDL/Hong Leong, Singland /UOL, Fraser Centre Point, MCL, etc. The Lorong Lew Lian land parcel was awarded to Verwood Holdings Pte Ltd, Intrepid Investments Pte Ltd and TID Residential Pte Ltd (joint venture by City Developments (CDL), Hong Leong Holdings and TID). The land was bidded at a price of $321 millions at $710 per sq ft per plot ratio (psf ppr).
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