Desmond Sim, CBRE's head of research for Singapore and Southeast Asia, says he is not surprised by the top bid, which was a record psf ppr price fetched for a pure residential on the government land sales programme. "The number of prime, pure residential sites available on the market is very limited, and developers are still hungry for such sites. The developers who participated in the tender were attracted by the affordable quantum. They were planning forward, encouraged by the recent success of Cairnhill Nine," Sim explains.