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Land Bid Result
Jalan Loyang Besar site that can yield 710 EC units drew four bids and a top bid of $557 million, or $729 psf ppr, from a consortium comprising Qingjian Realty, China Communications Construction and ZACD Group. Developers appeared more willing to bet on an entry-level EC site in Pasir Ris targeting first-time buyers and HDB upgraders. Setting a new record land rate for a GLS EC site, the $729 psf ppr bid topped a previous record bid of $721 psf ppr for a Tampines Street 62 (Parcel B) plot Aurelle of Tampines, which was awarded to Sim Lian Group in October 2023.
This is 1st EC site release for sales after 12 years. Last one was Sea horizon next door.

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