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April 24, 2013 By admin

Award of tender for residential site at Kim Tian Road

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Kim Tian Road to Harvestland Development Pte Ltd. The company submitted the highest bid in the tender for the site.

Tender for the residential site was launched on 28 February 2013 and closed on 18 April 2013. 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

SITEAREA

MAXIMUM GROSS FLOOR AREA (GFA)

SUCCESSFUL TENDERER

TENDERED PRICE
($PSM of GFA)

Kim Tian Road

Residential

10,990.6 m2

43,963 m2

Harvestland Development Pte Ltd

$550,280,000.00
($12,516.89)

Source: http://www.ura.gov.sg/pr/text/2013/pr13-23.html

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