Kheng Leong and Low Keng Huat submit top bid of $793 psf for Canberra Crescent GLS site

Kheng Leong and Low Keng Huat have jointly submitted the top bid of $279 million for a residential government land sale (GLS) site at Canberra Crescent. This works out to a land rate of $793 psf per plot ratio (PPR). At the close of the tender on July 18, the 219,985 sq ft site attracted a total of three bids. The second highest bid was submitted by a consortium of companies consisting of Santarli Realty, Apex Asia Real Estate Holdings, BHCC Construction, and Heeton Land. They consortium put in a $275.09 million bid. Meanwhile, the third bid came from GuocoLand which submitted a $228.77 million bid for the residential development site. Read also: ANALYSIS: Tenders for three GLS sites are closing in July. Will they attract any bids? Advertisement Advertisement The GLS at Canberra Crescent is at the junction of Canberra Street and Canberra Crescent in District 27. The site has a gross plot ratio of 1.6 and the new development could yield up to 375 units. The site is close to Bukit Canberra, an integrated sports and community hub featuring amenities like a hawker centre, a swimming pool, and an indoor sports hall.