TID beats eight others with highest bid of $155.7 mil for one-north Gateway site

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TID Pte Ltd, a jointly venture of Hong Leong Group and Mitsui Fudosan, beats 8 other bidders with a winning bid of $155.7mil. This results a approximately of $1002 psf land price. Experts are are predicting an estimation of $1600 – $1650 for a break even. With the development located within the business hub, investors and future home dwellers will be able to benefit with a good return in future.

Source: https://www.edgeprop.sg/property-news/tid-beats-eight-others-highest-bid-1557-mil-one-north-gateway-site

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