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Foreign developers jointly bid over $1 billion for Queenstown site

The top bid of just over $1 billion for the Stirling Road site translates to a land price of about $1,050 psf. The tender for a 2.11ha residential site at Stirling Road in Queenstown attracted substantial interest from developers, with a total of 13 bullish bids submitted at the close of the tender exercise on Thursday (18 May), said the Urban Redevelopment Authority (URA).

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