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Sunway MCL and CSC Land top bid $581M for prime Singapore residential site amid strong property demand

Market News
19 Jun 2026
Forbes
View Source
Bullish
pluang ai news

Sunway MCL, led by Malaysian billionaire Jeffrey Cheah, and partner CSC Land Group placed the highest bid of S$751 million ($581 million) for a 99-year leasehold residential site at River Valley Green in Singapore. This bid is about 22% higher than a nearby plot sold in 2025, reflecting strong demand in Singapore's luxury property market. The partners plan to develop over 500 premium residential units in two 36-storey towers. This site is the last government auctioned residential plot in the area, located near key amenities like Great World MRT and Orchard Road, making it highly attractive for buyers and investors.

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Tesla EV sales in Europe dropped due to Elon Musk's politics but are now rising again.

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