It will draw at least ten bids.

Analysts expect a confirmed site in Perumal Road to be well-received by developers given its excellent location and relatively small size.

The location, which is located opposite City Square Mall and near Farrer Park MRT station, will be popular with buyers if priced attractively.

"We expect the Perumal Road site to be well received due to its relatively petite size, relatively central location as well as proximity to a MRT station. The total number of bids are expected to come in at around 10 to 20 bids with the winning bid ranging from $830 - $890 psf ppr," OrangeTee Research said in a report.

Other sites which will be popular with developers include athe sites in Upper Serangoon Road, Fernvale Road, and West Coast Vale.

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