Midtown Development Pte, a unit of Singaporean property development and investment company Oxley Holdings Ltd., has won the bid for the residential site in Singapore amongst eight bidders.
Midtown Development said that it offered 562.2 million Singapore dollar ($415 million) takeover bid for the hotel site in Singapore.
Recently, the tender offer for a condominium for public housing in Singapore’s east received a top bid of $320.4 million.
Further, another development at Kampong Java Rd attracted a tepid response, with the best offer coming in at $308.5 million.