Sim Lian Group tops bid for Jalan Tembusu GLS site by just 0.1%
Tembusu Grand which jointly developed built by CDL and MCL, champed the site in January 2k22 for $768 million or $1,302 psf ppr, is just behind the latest Jalan Tembusu site. Located just off Tanjong Katong Road in prime District 15 , Jalan Tembusu, successfully tendered and won by Sim Lian Group for the bidding exercise at the private residential land plot at Jalan Tembusu at the close of the tender on July 18 with 2 bidders. The 99-years leasehold site has a land gross area of 221,436 sq ft and a gross plot ratio of 3.5 which can potentially build 840 residential dwellings based on a maximum gross floor area (GFA) of 775,034 sq ft.