Pine Grove Parcel A Tender By UOL And SingLand JV Is Highest


Last Updated: Jun 16, 2022

Pine Grove Parcel A tender had attracted five bidders, with only an $800 difference between the first and second-highest bidders. In an 80/20 joint venture, UOL Group and Singapore Land Group (SingLand) submitted the top bid of S$671,500,800, resulting in a land rate of S$1,318 per square foot per plot ratio (ppr psf).

There has been no new condo launches in the past 10 years in the Pine Grove and Ulu Pandan areas. As such, it is anticipated that the pent-up demand will be high here.

Estimated Selling Price:

The estimated selling price based on the land price won is S$2200 to S$2300 psf.

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