News Releases

3 October 2007

Award of tender for residential site
at Simon Road

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Simon Road to Duke Development Pte Ltd. The company submitted the highest bid in the tender for the site.

The tender was launched on 7 August 2007 and closed on 2 October 2007. The Land Parcel was offered for sale on a 99-year lease.

The particulars of the awarded Land Parcel and the successful tenderer are:

LOCATION	ALLOWABLE DEVELOPMENT	SITE AREA  (m2)	PERMISSIBLE GROSS FLOOR AREA (m2)	SUCCESSFUL TENDERER	TENDERED PRICE (S$) (S$ PSM OF GFA)
Simon Road	Condominium or Flats (Serviced Apartments will be allowed)	17,634.1 m2	61,719 m2	Duke Development Pte Ltd	$290,018,888  ($4,699.02)