Stirling Road residential plot drew record price of over $1 billion

Queenstown plot has attracted a top bid of more than S$1 billion, the first time that a purely residential site on the Government Land Sales (GLS) programme has exceeded that price quantum.

The site, which sits on 227,221 sq ft of land, has a gross plot ratio of 4.2, translating into a maximum permissible gross floor area of 954,327 sq ft. This can be developed into about 1,110 homes.

Stirling Capture

Source: The Straits Times