Tuesday, September 04, 2012

Farrer Road tender awarded to Far East SOHO

The tender for a residential site at Farrer Road has been awarded to Far East SOHO after it submitted the top bid of S$45.77 million, said the Urban Redevelopment Authority (URA).
With a land area of 0.27-ha, the site was launched for sale on 30 July with a lease term of 99 years. It is expected to yield a gross floor area (GFA) of 3,839 sq m.

Far East SOHO’s top bid translates to a land rate of S$11,924.20 psm, beating the other 14 bids received when the tender closed on 28 August.



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