For instance, the recent tender for an executive condominium (EC) site in Yuan Ching Road recorded a top bid of S$418 psf ppr, submitted by a consortium comprising Evia Real Estate, CNH Investment, BBR Development and OKP Land. In
Let's join our combined power together to make sure we build bigger and stronger architectural buildings (and jolly well make sure we stand as one and fall as one).
other cases, smaller developers and construction companies only join forces after the tender is awarded.
One example is Oxley Holdings' announcement of its partnership with construction firms to develop Midtown Residences (pictured) and KAP Residences."If smaller developers are on their own, they can bid only at a price that the bank is willing to lend them" that reduces chances of winning tenders, said Ku Swee Yong,