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FOR IMMEDIATE RELEASE
15 NOVEMBER 2007
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Top bids for SLA tender of four agriculture land sales at Sungei Tengah at $3.58 million
- Environmental Landscape Pte Ltd is top bidder for two of the largest sites with bids totalling $2.08 million
- Public-listed Qian Hu Corporation Limited put in top bid for one of the sites
The public tender for the sale of four agricultural land parcels by the Singapore Land Authority (SLA) in Sungei Tengah received a total of 35 bids, with 3 of the 4 plots receiving bullish bids. The top bids for the four sites totalled $3.58 million. The top bidder came from Environmental Landscape Pte Ltd at $1.12 million over a 31500 square metre site at the biggest parcel. It is also the top bidder for the second largest site at $963,360 over a site area of 25,564 square metres. Dragonwana Aquarium Trading is top bidder at $530,000 for a site of 19,634 square metres and public-listed Qian Hu Corporation Limited is top bidder for the smallest site of the tender at $967,135 for a site area of 19,342 square metres.
Since SLA’s launch of the tender on 11 October, about 105 packets of tender documents were sold. There were more than 100 enquiries received from interested parties. At closing, a total of 26 tenderers submitted 35 bids. The range of bids was between $101,000 and $1,120,000. There were 5 Individuals and 21 Companies which participated. Details of the bids can be found in Annex A.
SLA will be evaluating the outcome of the sale and the results of the tender will be announced in a few days’ time.
For media enquiries, please contact Ms Susan Koh from Corporate Communications, at tel: 6323 8105, hp: 9829 1906 or e-mail: Susan_Koh@sla.gov.sg, or Ms Violetta Wong at tel: 6323 9124, hp: 96684460, e-mail: Violetta_Wong@sla.gov.sg
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Attachments
Annex A – Details of the bids
Issued by:
The Singapore Land Authority
15 November 2007
About SLA
Singapore Land Authority (SLA) is a statutory board with the Ministry of Law. Its mission is to optimise land resources for the economic and social development of Singapore. SLA is responsible for the direct management of some 14,000 hectares of State land and about 5,000 buildings. It is also in charge of land sales, leases, acquisitions and allocation, developing and marketing land-related information, and maintaining the national land information database through digitised land information services. SLA is also the national land registration authority for property transactions, and the issuance and guarantee of land titles in Singapore. It also manages and maintains the national land survey system, including the defining of boundaries or legal limits of properties based on a coordinated cadastre survey system. For more details, visit www.sla.gov.sg.
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