Monday, April 16, 2012

URA to launch the tender for the Reserve List site at Boon Lay Way (Jurong Gateway)

16 April 2012
URA to launch the tender for the Reserve List site
at Boon Lay Way (Jurong Gateway)

The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the residential site at Boon Lay Way (Jurong Gateway) for sale by public tender.



The land parcel was made available for sale through the Reserve List system on 22 December 2011. URA received an application from a developer for the site to be put up for public tender. The developer committed to bid at a price of not less than $214,712,572 in the tender for the land parcel. As the minimum price committed by the developer is acceptable to the Government, the site will be released for sale by public tender.

In accordance with the procedures of the Reserve List system, URA is making public the minimum price committed for the site. However, the identity of the applicant will not be released. URA will launch the public tender for the site in about two weeks. The launch date will be announced later. The tender period for the land parcel will be about four weeks.

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/MA/BLay-intro(T).html

View the original article here

Source From URA

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