Only one consortium bids for lot in Rondout Gardens

新加坡

新加坡

Only one consortium bids for lot in Rondout Gardens

新加坡

By shicheng news

城市報
Toronto Gardens
Home Consortium Bids
Bids

Abstract: The Urban Redevelopment Authority (URA) has launched a single consortium to bid for a lot in Toronto Gardens.

A consortium comprising GuocoLand and Intrepid Investments, a subsidiary of Fung Lung Holdings, submitted a bid of about $486.8 million, equivalent to a plot ratio of $10,600 per square metre, the URA said in a release.

The 99-year leasehold lot has a total gross floor area of 45,921 square metres and will allow for the construction of about 530 units.

The URA will announce the results of the bidding after the assessment.

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