Historic Victory for Qingjian Realty and Santarli as They Outbid Intrepid Investments in the Altura EC Land Tender for S$662 psf ppr
On March 18, 2021, Qingjian Realty and Santarli achieved a historic victory by outbidding Intrepid Investments in the Altura Executive Condominium (EC) land tender for S$662 psf ppr. This was a significant milestone for both companies, as it was the first time they had secured an EC land parcel in Singapore. The Altura EC, which is located in District 28, will be the first new EC to be launched in the area in more than a decade.
The tender, which was launched by the Housing and Development Board (HDB) on February 10, 2021, saw a total of eight bids being submitted. Qingjian Realty and Santarli emerged as the top bidders with their joint bid of S$662 psf ppr, which was higher than that of Intrepid Investments’ S$651 psf ppr.
This historic victory for Qingjian Realty and Santarli is a testament to the strong collaboration between the two companies. The joint …
