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Government land tender at junction of Tampines Ave 1 and 10 - S$302 million Real Estate | Planning & Land Use | Project Development & Sales

Rodyk acted for Sim Lian Land which tendered successfully in March 2010 for a government land sales site at the junction of Tampines Ave 1 and Ave 10. Sim Lian's successful bid of S$302 million works out to S$420 per sq ft per plot ratio and beat 7 other competitors to secure this 99-year leasehold site next to the Bedok Reservoir. Sim Lian has set up a wholly owned subsidiary to develop this site into a proposed residential condominium of more than 650 units. Rodyk has also been instructed to act for them in the project development and sale of this proposed residential development.

Real estate partner Lee Liat Yeang acts for Sim Lian in the purchase assisted by partner Low Boon Yean. He will act in the project development and sales assisted by partner Nadia Cardoz.