Mixed-use sites draws massive $1.67b bid - Government Land Sale (GSL)
Land Lease's offer higher than expected, is 8.8 up from next bid.
An artist's impression of the sale site, which analysts say is valuable for its location and scale. Though the development
could have up to 969,000 sq ft of gross floor area for offices, only five strata lots are allowed. -- PHOTO: URA
A CLOSELY-WATCHED tender for a large mixed-use site in Paya Lebar stunned the market with a staggering top bid of $1.672 billion yesterday - streets ahead of analysts' forecasts.