Demonstrating the current red-hot demand for residential sites amongst developers, the recently-released Executive Condominium (EC) site at Yishun Avenue 11 drew a total of 10 bids and fetched a top bid of $127.8 million.

Top bidder MCC Land won by a fairly clear margin with the second highest bid coming in at $118.8 million from Qingjian Realty. The third highest bid was $117 million by Maxdin. JBE Development put in the fourth highest bid at $103 million. ChoiceHomes Investments and CEL Development put in a joint bid of $102.3 million which came in fifth highest.

The other bidders were Hoi Hup Realty, Sunway Developments, Sim Lian Land, Boon Keng Development and SK Land.