News Releases

24 February 2010

Award of tender for residential site
at choa Chu Kang Road / Woodlands Road

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Choa Chu Kang Road / Woodlands Road to Dollar Land Singapore Private Limited. The company submitted the highest bid in the tender for the site.

The tender for the residential site was launched on 5 January 2010 and closed on 23 February 2010. The land parcel was offered for sale on a 99-year lease.

The particulars of the awarded land parcel and the successful tenderer are as shown below:

LOCATION	ALLOWABLE DEVELOPMENT	SITE AREA (m2)	MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA)	SUCCESSFUL TENDERER	TENDERED PRICE (S$) (S$ PSM / GFA)
Choa Chu Kang Road / Woodlands Road	Flats and/or serviced apartments with existing commercial development	15,645.2 m2	Residential GFA: 23,634 m2 Existing Commercial GFA: 11,259.085 m2	Dollar Land Singapore Private Limited	$163,999,999.99 ($4,700.07)