Frasers Property—controlled by Thai billionaire Charoen Sirivadhanabhakdi—and its joint venture partner Japan’s Mitsubishi Estate submitted the highest offer of S$610.8 million ($479 million) to develop a rare riverfront residential site in Singapore amid the city state’s property boom.About 470 homes can be built on the 11,456.3 square meter (123,315 square feet) plot along the Kallang River, overlooking the iconic Singapore National Stadium. The 99-year leasehold site is the first government land sale in the Boon Keng, Kallang Bahru and Kampong Bugis precincts in 12 years, indicating the limited supply of new private housing within the area.“We are pleased to be the top bidder for the Kallang Close site, which enjoys great connectivity to the city centre,” Soon Su Lin, CEO at........

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