News Releases

7 August 2009

URA to launch the tender for the Reserve List site
at Yio Chu Kang Road / Seletar Road in two weeks' time

The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the commercial & residential site at Yio Chu Kang Road / Seletar Road for public tender.

The Land Parcel was made available for sale through the Reserve List System on 19 November 2008. Under the Government’s Reserve List System, the Government will put up a Reserve List site for public tender if it receives an application from a developer who commits, by signing an agreement and paying a deposit of 5% of the bid price, to bid for the site at or above the minimum price which is acceptable to the Government.

URA has received an application from a developer who has committed to bid at a price of not less than $40.5 million for the Land Parcel at Yio Chu Kang Road / Seletar Road. 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.

Land Parcel at Yio Chu Kang Road / Seletar Road

The Land Parcel is located within the established residential area at Seletar Hills and near the future Seletar Aerospace Park. Commercial amenities such as shops, food and beverage outlets can be built within the proposed development to serve the needs of the residents in the development as well as those in the neighbouring housing estates.

The Land Parcel with a site area of 2.1 ha is designated for a mixed commercial & residential development. With a gross plot ratio of 1.4, the Land Parcel can generate a maximum permissible gross floor area of about 29,400 sq m.

The details of the Land Parcel are at Annex 1 and the location plan at Annex 2. More details of the Land Parcel are available on the URA website at http://www.ura.gov.sg/sales/YCKSeletar08/MA/YCKSeletar-intro(T).html

Details of the launch will be announced later.