SINGAPORE (June 14): Entities linked to Singapore Press Holdings (SPH) and Kajima Development have placed the top bid at a state tender for a 99-year-leasehold mixed commercial and residential site in Bidadari Estate.

They have offered $1.13 billion, which works out to $1,181 psf ppr.

The 25,440 sqm land parcel, located next to Woodleigh MRT station, is expected to yield 825 private homes and can have a commercial component of up to 15,000 sqm.

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