News Releases

19 March 2010

Award of tender for residential site
at Tampines Avenue 1/ Avenue 10

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Tampines Avenue 1 / Avenue 10 to Sim Lian Land Pte Ltd. The company submitted the highest bid in the tender for the site.

The tender for the residential site was launched on 2 February 2010 and closed on 16 March 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)
Tampines Avenue 1 / Avenue 10	Residential	31,740.4 m2	66,655 m2	Sim Lian Land Pte Ltd	$302,000,000 ($4,530.79)

Potential Supply from the First Half 2010 Government Land Sales (GLS) Programme

Confirmed List

The land parcel at Tampines Avenue 1 / Avenue 10 is the fourth residential site to be sold through the Confirmed List of the first half 2010 GLS Programme. The three sites that were sold earlier were namely at Choa Chu Kang Road (Ten Mile Junction), Buangkok Drive (Executive Condominium site) and Yishun Avenue 11 (Executive Condominium site). Together, these four land parcels can potentially yield about 1,710 housing units.

Another four residential sale sites, namely at Boon Lay Way, Simei Street 3, Sembawang Road and Upper Serangoon Road which form part of the Confirmed List for the first half 2010 GLS Programme, will be released for sale in March and April 2010. These four sites can potentially yield another 1,215 housing units. In total, the eight sites can potentially provide about 2,925 residential units.

Reserve List

The Reserve List system makes available sites, in addition to those on the Confirmed List, for sale so that there is more than sufficient supply to meet any surge in demand. For the first half 2010 GLS Programme, a total of 7,625 private residential units were made available for sale via the Reserve List.

The GLS programme for the first half of 2010 has therefore a total potential supply quantum of 10,550 units, from both the Confirmed and Reserve Lists. This is the highest total potential supply quantum from any half-yearly GLS Programme in the history of GLS.