News Releases

20 August 2009

URA launches tender for commercial & residential development at Yio Chu Kang Road / Seletar Road

The Urban Redevelopment Authority (URA) launched the commercial & residential site at Yio Chu Kang Road / Seletar Road for sale by public tender today.

The Land Parcel was made available for sale through the Reserve List System on 19 November 2008. On 7 August 2009, URA announced that it had received an application from a developer to put up the Land Parcel for tender and would launch the site for public tender in about two weeks’ time. The developer has committed to bid at least S$40.5 million for the Land Parcel in the public tender.

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/Launch/YCKSeletar-intro(L).html

Other Details

A tender period of about 4 weeks will be allowed for the site. The tender will close at 12 noon on 17 September 2009. Selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price of S$40.5 million will not be accepted.

Developer’s packets are available at S$105.00 each (inclusive of GST) for the Land Parcel. These can be purchased from the Customer Service Counter on the 1st storey of The URA Centre, 45 Maxwell Road, Singapore 069118. The Developer’s packets can also be purchased via URA-Online at http://www.ura.gov.sg/sales/sales_main.html at a cost of S$105.00 (excluding delivery charges) for local and overseas purchasers.