Pasir Ris white site clinched by Allgreen Properties, Kerry Properties tie-up
There were a total 3 bidders for the tendering and after the first stage of criteria evaulation, both Allgreen-Kerry tie up and 2 units of Far East Organization, Far East Commercial Trustee and Laguna Garden, were being shortlisted. The White Site was then awarded by Housing & Development Board (HDB) to Allgreen-Kerry tie-up with the highest bid of $700 million after the second stage of evaluation.
Source: https://www.straitstimes.com/business/property/pasir-ris-white-site-clinched-by-allgreen-properties-kerry-properties-tie-up
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