Award of tender for residential site at Lorong Lew Lian

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
($7,641.95)
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s