The tender for a residential site at Dairy Farm Walk attracted five bids when it closed today. The top bid of $427.0 million was submitted by a consortium comprising ABR Holdings, LWH Holdings, Macly Capital, and RP Ventures (a subsidiary of Roxy Pacific Holdings). Based on the top bid of $427.0 million, this works out to about $962 psf per plot ratio (ppr). According to industry analysts, if the site is awarded to the top bidder, the new condominium could see indicative launch prices from around $2,200 to $2,300 psf, depending on unit mix and positioning. The site is expected to yield up to 480 new private homes. Meanwhile, a joint venture between GuocoLand and Hong Leong Holdings submitted the second-highest bid of $425.25 million ($959 psf ppr). The gap between the top two bids was just 0.4%. “The competitive response reflects sustained developer confidence in the city-fringe segment, particularly in areas with limited new private housing supply and conserved natural surroundings,” said Marcus Chu, CEO of ERA Singapore....