Monday, April 30, 2012

URA launches the tender for the residential site at Boon Lay Way (Jurong Gateway)

30 April 2012
URA launches the tender for the residential site
at Boon Lay Way (Jurong Gateway)


The Urban Redevelopment Authority (URA) has launched the residential site at Boon Lay Way (Jurong Gateway) for sale by public tender today.

The land parcel was made available for sale through the Reserve List system on 22 December 2011. On 16 April 2012, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than $214,712,572 for the land parcel in the public tender.

Details of the land parcel



With a site area of about 1.2 ha, the residential site will have a maximum permissible gross floor area (GFA) of 48,670 sqm and can potentially yield about 590 housing units.

The land parcel is located in Jurong Lake District, which is envisioned to be Singapore’s largest regional hub outside the city centre, with a good mix of residential, office, retail, hotel, entertainment, food & beverage (F&B) and other complementary uses.

Details of the land parcel and its location plan are provided in Annex 1 and Annex 2. More details on the land parcel are available on the URA website at http://www.ura.gov.sg/sales/BoonLayJG/Launch/BLay-intro(L).html

Other details

The tender for the site will close at 12 noon on 29 May 2012. Selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price of $214,712,572 will not be considered.
Developer’s packets containing details of this site and conditions of tender are available at $107 each (inclusive of GST). These can be purchased from the Customer Service Counter on the 1st storey of The URA Centre, 45 Maxwell Road, Singapore 069118. The developer’s packets can also be purchased via URA-Online at http://www.ura.gov.sg/sales/sale_of_developer’s_packet.html at a cost of $107 (excluding delivery charges) for local and overseas purchasers.

View the original article here

Source From URA

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