SINGAPORE -- The prime pieces of land Singapore will give a Malaysian-led consortium to resolve a long-standing dispute is worth up to S$7 billion (US$5.25 billion), a leading property analyst said.Singapore offered 5.29 hectares (13.1 acres) of land in two plots, according to a fact sheet provided by the ministry of national development (MND).
The Ophir-Rochor land parcels “can range anywhere from S$1.38 billion to S$1.9 billion” in the current property market, said Nicholas Mak, executive director of research and consultancy at SLP International Property Consultants. “The one at Marina (South) can range from S$3.5 billion to S$5 billion,” he told AFP. Full story
