{
  "id": 7737289,
  "title": "Malaysia's Eco World sets top bid of $163M for Singapore housing site",
  "url": "https://urgent.news/2026/09/16/malaysias-eco-world-sets-top-bid-of-163m-for-singapore-housing-site",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T07:53:45.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/property/malaysia-s-eco-world-sets-top-bid-of-163m-for-singapore-housing-site-5120805.html"
  },
  "original_language": "en",
  "account": "Malaysia's Eco World has set a record-breaking bid of $163 million for a housing site in central Singapore. The bid, which works out to $1,612 per square foot, was significantly higher than the next highest offer of $187.33 million. The plot, located near Bright Hill MRT Station and several schools, has a maximum gross floor area of 11,994 square meters and is estimated to generate 140 housing units. The top bid exceeded analysts' forecasts and marked a new record for a 99-year government land sale site in the city fringe. Eco World, a Malaysian developer with a landbank of 12,280 acres, saw its shares close up 2.09% on the day of the tender. The future development on the site is expected to launch at prices starting from $3,000 per square foot.",
  "summary": "Malaysian property developer Eco World Development has submitted the highest bid of S$208.1 million (US$163.4 million) for a residential site in Singapore.",
  "key_points": [
    "Malaysia's Eco World sets record $163M bid for Singapore housing site",
    "Bid at $1,612/sq ft significantly higher than next offer of $187.33M",
    "Site near Bright Hill MRT Station with potential 140 housing units"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hedgeweek",
        "title": "Singapore sets out criteria for selecting managers for new hedge fund programme",
        "url": "https://urgent.news/2026/09/16/singapore-sets-out-criteria-for-selecting-managers-for-new-hedge-fund",
        "published": "2026-09-16T08:00:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}