21-12-2017, 02:32 PM
This plot of land the The Tapestry Tampines avenue 10 condo is sitting on is highly contested by 9 hopeful bidders upon the tender closure on 25th April 2017. Located diagonally opposite the Tampines Quarry, the land is eventually sold to Bellevue Properties, a wholly owned subsidiary of CDL who submitted a top bid of SGD $370.1 million. This translate to a Tapestry condo psf of SGD $565.42 per plot ratio which is also 17.2% higher than the land price of Alps Residences that MCC Land paid for at S$483 per square foot per plot ratio.