Award of tender for residential with 1st storey commercial site at Upper Serangoon Road

Singapore 01 Dec 2014

Award of tender for residential with 1st storey commercial site at Upper Serangoon Road

Published Date: 28 Nov 2014

The Urban Redevelopment Authority (URA) has awarded the tender for the residential with 1st storey commercial site at Upper Serangoon Road to Asset Legend Limited.  The company submitted the highest bid in the tender for the site.

The residential with 1st storey commercial site was launched for public tender on 25 September 2014.  The tender for the site closed on 27 November 2014. 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)
Upper Serangoon Road Residential with 1st storey Commercial 10,097.1 m2 30,292 m2 Asset Legend Limited $276,774,000
($9,136.87)
← Singapore Gov't Land Sales Programme 1st half 2015 URA releases commercial site at Beach Road →

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