Analysts say this is the lowest number of bidders for a land site since 2001. Qingjian Realty (Residential) placed the highest bid of S$229.38 million, which works out to be about S$353 per square foot per plot ratio
The acquisition of the 16,815 sqm prime freehold site from Seiko is part of the property group's move to step up its overseas expansion, and is its first acquisition for residential development in Japan.
Bank lending to building and construction sector rose 2.5 per cent on-month to S$99.3 billion, which boosted overall bank lending in August to S$604.6 billion, according to data from the Monetary Authority of Singapore.
Located at one-north, LaunchPad aims to connect people with business ideas with the support they need to build a successful company.
Senior Minister of State for National Development Lee Yi Shyan said innovation is important amid technological advances, evolving demographics and changing social habits.
Speaking at the KPMG Global Real Estate and Construction Conference, the Environment and Water Resources Minister drew the analogy of the water industry, which within a decade managed to generate 55 per cent of Singapore's water needs through desalination and recycling water.
Malaysia's Real Estate and Housing Developers' Association's president FD Iskandar said developers may be introducing more residential units there than the market in Johor can handle.
EMAS Offshore said 48.6 million shares will be offered to local investors at a price of S$1.21 each, and trading begins in Singapore on Oct 8.
The launch is expected to be a "significant step" towards establishing Singapore as a regional precious metals trading hub.
S$14.9 billion was raised from IPOs, secondary stock sales and convertible securities on the Singapore stock market in the first nine months of 2014, reports the financial information provider.