This new Martin Place residential site that GuocoLand secured at a public tender has key attributes that are a strong factor for any developers that are planning for a residential project. But the winning bid for this 1.6 hectare site which is S$595.1 million was said to be overpaid. This translates to S$1,239 million per square foot per plot ratio (psf ppr); the highest unit land price for a residential site alone that was sold at a public tender since 2009. It is situated at the corner of River Valley Close and Martin Place in District 9 and can hold up to 450 residential units. This will only be a short walk to the upcoming Great World MRT Station at[…]