Capital Development wins tender for Pasir Ris Drive 3 site

The company’s bid for the 22,317.4 sqm residential site was almost $211 million.

The land parcel at Pasir Ris Drive 3 was launched for sale by public tender on 16 April 2012 and closed on 5 June 2012.

Offered for sale on a 99-year lease term, the site has maximum gross floor area of 46,867 sqm.

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