Wednesday, October 24, 2012

Tender for New Upper Changi Road site awarded

A residential site (pictured) at New Upper Changi Road (Parcel A) has been awarded to Sherwood Development by the Urban Redevelopment Authority (URA).

The developer submitted the highest bid of S$434.55 million for the 31,881.6 sq m site.

Launched for public tender on 23 August, the 99-year leasehold site has a maximum gross floor area (GFA) of 51,011 sq m.

A total of 11 bids were submitted for the land parcel when the tender closed on 16 October.

The URA expects the site to yield some 540 homes.

View the original article here

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