Price will be a minimum of $222.8m.
According to a URA release, it has accepted an application from a developer to put up the residential site at Alexandra View for sale by public tender.
The land parcel was made available for sale through the Reserve List system on 26 September 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 $222,898,000 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 four weeks.
With a site area of about 0.65 ha, the residential site will have a maximum permissible gross floor area (GFA) of 31,858 sqm.
Located within an established residential estate in the central region, the future residential development is a short drive away from the Central Business District, Orchard Road, Marina Bay and the Southern Waterfront area where VivoCity and Sentosa are located.
Residents of the future development will also enjoy convenient access to all parts of the island via the nearby Redhill MRT station.
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)
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