SINGAPORE (Sept 22): SingHaiyi Group has submitted the winning bid of $271 million for the collective purchase of the property known as Sun Rosier at 5A How Sun Drive.

The property is freehold with a site area of 13,568 sqm. No development charge and differential premium is payable for the redevelopment of the site to a gross plot ratio of 1.4.

SingHaiyi says the land site, located in an established residential area, will enable the company to expand its development portfolio in Singapore.

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