The tender for a plum 99-year private housing site along Fernvale Close in Sengkang West has drawn nine bids, with the top bid at 9 per cent above what the next-door plot had fetched in April.
The April tender drew eight bids.
Market watchers say that yesterday's provisional tender results reflect the superiority of the latest site, which boasts a long frontage along Sungei Punggol. Some also observed that developers continue to have a strong appetite for choice housing sites in the mass-market segment.