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SINGAPORE: A private residential site at Dundee Road next to Queenstown MRT station received nine bids from developers at the close of tender yesterday (23 Jun).
The 99 year leasehold site has a site area of 113,194 sq ft and could house around 645 residential units.
Singapore has long been home to some of the largest regional property developers in Asia. There’s also something unique about being a regional developer – most property developers in countries like Malaysia, Thailand, China, and even Australia play only in their domestic turf.
This dynamic has conferred Singapore-based real estate developers such as City Developments Limited (SGX: C09), CapitaLand Limited (SGX: C31), Keppel Land Ltd (SGX: K17), and Frasers Centrepoint Ltd (SGX: TQ5), an advantage in terms of having a diversified business and a better understanding of the different nuances in the design and architecture of buildings in different parts of Asia.
