EdgeProp SG

The individual retail units at PLUS have sizes from 388 to 807 sq ft and indicative prices from $3.8 million to $7.75 million

If the development is sold at the indicative price, each unit stands to receive between $3 million to $3.077 million.

Developers' sales plunged from 718 units sold in March to just 301 units last month due to the lack of new major launches.

The property sits on a corner plot of 21,098 sq ft and the guide price works out to a land rate of $2,038 psf.

The $805.39 million bid put forward by the CapitaLand and UOL-led consortium is the highest out of three bids that the government received for the 133,330 sq ft residential site when the tender closed on May 14.

As at May 13, the Consortium holds 15.7% of ESR, Warburg Pincus 14.04% and the Founders 7.43%