Sim Lian cam in Top Bid at Jalan Tembusu GLS Site
Sim Lian Group has emerged victorious in the highly competitive bidding process for the private residential site at Jalan Tembusu, clinching the opportunity with a standout bid at the close of the tender on July 18. Sim Lian’s formidable bid of $828.8 million, translating to $1,069 per square foot per plot ratio (psf ppr), narrowly surpassed the $828 million ($1,068 psf ppr) joint bid from prominent developers, City Developments Ltd (CDL) and Frasers Property.
