Margaret Ville Price Guide
This plot of land at Margaret Drive were initially placed on the Reserve List of the Government Land sales programme in the second half of 2016. However, a call for tender was triggered after Urban Redevelopment Authority (URA) received an application from a developer committing to bid at a price level deemed as acceptable to the state.
Due to the attractiveness of the sale site, it drew a strong response from many developers, followed by a very competitive bidding war between 14 real estate firms. It was eventually sold and awarded to MCL Land Limited, beating 13 others with the highest bid of $238.39 million while translating into $997.85 psf per plot ratio.