Thursday, July 19, 2012

URA to launch the tender for the Reserve List site at Farrer Road

18 July 2012
URA to launch the tender for the Reserve List site
at Farrer Road



The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the residential site at Farrer Road for sale by public tender.
The land parcel was made available for sale through the Reserve List system on 30 Apr 2012. 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 $28,888,000 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 five weeks.

Details of the land parcel
With a land area of about 0.27 ha, the residential site is expected to generate a gross floor area of about 3,839 m2.
The land parcel is located near Botanic Garden MRT Station and is well connected to major arterial roads and expressways such as Bukit Timah Road, Dunearn Road, Farrer Road and Pan-Island Expressway (PIE). Details of the land parcel and its location plan are given 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/FarrerLutheran/MA/FarrerLutheran-intro(T).html.

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