Gamuda consortium bids for Singapore job

Chow:

PETALING JAYA: A consortium comprising Gamuda Bhd, Evia Real Estate (7) Pte Ltd and Maxdin Pte Ltd has placed a tender worth S$345.86mil (RM962.5mil) to potentially develop a 99-year leasehold plot of land in Toa Payoh, Singapore.

The bid, the highest of 14 bids submitted for the development, worked out to an average land cost of S$8,130 (RM22,672) per sq m of gross floor area, or about S$755 (RM2,105) per sq ft, said Gamuda.