Seven offers were received for the Fernvale Lane EC site.
The highest bidder was Frasers Property’s FCL Lodge, which paid S$286.54 million, or nearly S$555 per square foot per year.
A collaboration between Sing Holdings Residential and MCC Land came in second with a bid of S$285.1 million, or S$552 psf ppr (Singapore).
A consortium led by Evia Real Estate submitted the lowest proposal, which was around S$500 psf ppr.
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