Published Date: 11 Nov 2
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Lorong Lew Lian to Verwood Holdings Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. The consortium submitted the highest bid in the tender for the site.
The residential site was launched for public tender on 1 October 2015. The tender for the site closed on 5 November 2015. The land parcel was offered for sale on a 99-year lease term.
Details of the awarded land parcel and the successful tenderer are provided below:
|LOCATION||ALLOWABLE DEVELOPMENT||SITE AREA||MAXIMUM GROSS FLOOR AREA||SUCCESSFUL TENDERER||TENDERED PRICE
($PSM of GFA)
|Lorong Lew Lian||Residential||14,001.5 m2||42,005 m2||Verwood Holdings Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.||$321,000,000