Property Developer Sim Lian Group was the only party to submit a bid for a second government land sale (GLS) site on Holland Plain at the close of the tender on May 7. The site could yield up to 280 new private homes. The company put in the sole bid of $454 million for the 169,175 sq ft site, which is located off Old Holland Road in prime District 10. The bid price translates to $1,491 psf per plot ratio (ppr). This is the second time that Sim Lian has participated in a GLS tender for a site on Holland Plain. Last year, it won the first plot that was released by the government. Assuming it manages to clinch the latest plot, it would be behind the first two new luxury condos in this new private residential neighbourhood. It would be an advantageous position for the developer to shape the development profile of the new condos in this planned private residential precinct, as well as set...