A 3.8ha white site at Pasir Ris Central saw three bids from developers at the close of the tender yesterday. Among the bidders was Far East Organization, while SPH and Kajima Development submitted a joint bid. The third bid was from Phoenix Residential and Phoenix Commercial. Both companies are owned by Allgreen Properties and Kerry Properties, which are in turn linked to prominent Malaysian business magnate Robert Kuok. The 99-year leasehold site, which has been launched for sale off the GLS confirmed list, is to be developed into a mixed-use commercial and residential development. The bids received are being evaluated under a concept and price revenue tender system, as tenderers had to submit their concept proposals and tender prices in two separate envelopes. HDB said a decision on the award of the tender will be made after the tenders have been evaluated, and it will be published at a later date.... Continue Reading