The tender was awarded by the Urban Redevelopment Authority on Sept 10.
A joint venture between SGX-listed Sing Holdings and Sunway Developments has been awarded its second land parcel at Chuan Grove following a government tender.
The joint venture, held in a 65:35 proportion, had on Sept 4 emerged as the top bidder with an offer of $623.9 million, which translates to a land rate of $1,331 psf per plot ratio.
