News Releases

23 September 2009

URA to launch the tender for the Reserve List Site
at Upper Thomson 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 residential site at Upper Thomson Road for public tender.

The Land Parcel was made available for sale through the Reserve List System on 29 April 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 a price of not less than S$82 million for the Land Parcel at Upper Thomson 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 Upper Thomson Road

With a site area of about 2.08 ha, the Land Parcel which is earmarked for residential development can generate a maximum permissible gross floor area of 43,781 sqm.

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 URA website at
http://www.ura.gov.sg/sales/UppThomsonRd(29Apr08)/UppThomsonRd-intro(T).html