News Releases

9 February 2010

URA Launches Tender for Office Site for Sale
at Mohamed Sultan Road

The Urban Redevelopment Authority (URA) launched the transitional office site at Mohamed Sultan Road for sale by public tender today.

The land parcel was made available for sale through the Reserve List System on 31 October 2008. On 28 January 2010, URA announced that it had received an application from a developer to put up the land parcel for tender in about two weeks’ time. The developer has committed to bid at least S$9,333,333.00 for the land parcel in the public tender.

Transitional Office Site at Mohamed Sultan Road

This land parcel, located along Mohamed Sultan Road, is being tendered out for the development of a transitional office building. It has a site area of about 0.62 ha and a maximum permissible gross floor area of about 9,200 sqm. The site is sold on a short-term lease of 15 years.

The site, with direct frontage along Mohamed Sultan Road, is located within the city centre and a short drive away from the business and financial hub at Raffles Place and Marina Bay. It is well-connected to the rest of the island via major arterial roads like Clemenceau Avenue and the Central Expressway (CTE) and the nearby Clarke Quay MRT station. The details of the Land Parcel are at Annex A-1 and the location plan at Annex A-2.

More details on the land parcel are available on URA website at http://www.ura.gov.sg/sales/MohdSultanRd/Launch/MohdSultan-intro(L).html

Other Details

A tender period of about five weeks will be allowed for the site. The tender will close at 12 noon on 18 March 2010. Selection of the successful tenderer will be based on the tendered land price only. Any tender below the minimum bid price of S$9,333,333.00 will not be accepted.

Developer’s Packets are available at S$105 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/sale_of_developer’s_packet.html at a cost of S$105 each (excluding delivery charges) for local and overseas purchases.