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 |
|
Kim Tian Road |
Residential |
10,990.6 m2 |
43,963 m2 |
Harvestland Development Pte Ltd |
$550,280,000.00 |