Wednesday, October 24, 2012

URA to launch site near Redhill MRT


A residential site (pictured) at Alexandra View (Parcel B) has been triggered for sale, after the Urban Redevelopment Authority (URA) accepted an application from a developer which committed a minimum bid of S$222.89 million.

The 0.65-ha site was made available on the reserve list on 26 September. Located within an established residential enclave, it offers a maximum permissible gross floor area (GFA) of 31,858 sq m.

Offered on a 99-year lease term, the site is close to Orchard Road, Marina Bay and the Southern Waterfront area. The future development will be served by the nearby Redhill MRT station.

The URA is expected to launch the public tender in about two weeks.

View the original article here

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