The striking new development, Emerald of Katong Sim Lian, has taken shape in the bustling neighborhood of Katong with the efforts of Sim Lian Land. The tender closed on July 18 with only two bids, ultimately won by Sim Lian Group for their residential project at Jalan Tembusu. Their winning bid of $828.8 million, equivalent to $1,069 per square foot per plot ratio (psf ppr), was only slightly higher by $800,000 (0.1%) compared to the runner-up offer of $828 million ($1,068 psf ppr) by a partnership between City Developments Ltd (CDL) and Frasers Property.
The newly developed Emerald of Katong, situated in the vibrant district of Katong, is a project undertaken by Sim Lian Land. After the bidding process concluded on July 18, Sim Lian Group emerged as the successful bidder for the private residential plot at Jalan Tembusu, with only two proposals submitted. Their winning bid of $828.8 …