The Urban Redevelopment Authority ("The Authority") is inviting tenders for the development of the Land Parcel described below for and on behalf of the Government of the Republic of Singapore.

Artist's impression of Somerset Central Sale Site 

PARTICULARS OF LAND PARCEL
Site Area 7,311.4 m2
Allowable Development Commercial development
(minimum 60% shall be for retail, entertainment and food & beverage uses.)
Maximum Building Height 16 storeys
Maximum Permissible Gross Floor Area 39,410 m2
Lease Period 99 years
Project Completion Period + 108 months
+ Computed from the date of acceptance of the tender by the Authority up to the date of issue of Temporary Occupation Permit for the whole of the proposed development.
TENDER DOCUMENTS Location and Control Plans
Survey Plans
- Planimetric
- Certified Plan
- Cross Section
- Encroachment

Soil Test Report

Conditions of Tender

Technical Conditions of Tender, Conditions and Requirements of Relevant Competent Authorities/Public Utility Licensees
Latest amendments made to the Tender Documents
Specific Questions and Answers to the site

SUBMISSION OF TENDER
1

All tenders must be deposited :-
(a)

in the tender box at Tender Submission Room, 2nd Storey, Tower, The URA Centre, 45 Maxwell Road, Singapore 069118
(b)

on 16 August 2006.
(c)

between 9 am and 12 noon only.
2

The following tender will not be considered :-
(a)

Any tender submitted after 12 noon on the tender submission date; or
(b)

Any tender with a tendered sale price less than S$400,000,000.00.

TENDER DEPOSIT
1

Every tenderer shall pay a tender deposit of 5% or more of the tendered sale price.
2

The tender deposit mentioned in paragraph 1 above (hereinafter referred to as "the Tender Deposit") may be paid by any one or more of the following methods :-
(a)

Cashier's Order
(b)

Bank Transfer
(c)

Bank Guarantee
(d)

Insurance Guarantee

(Please refer to the Conditions of Tender for detailed requirements). Payment in CASH or by CHEQUE or any other means WILL NOT BE ACCEPTED.
3

The Tender Deposit will be returned to all unsuccessful tenderers.
4

The Tender Deposit shall be forfeited if the tenderer withdraws his tender after the date and time for submission of tenders.
5

Tenders submitted without the Tender Deposit shall be disqualified.

ACCEPTANCE OF TENDER
1

Tenders shall remain valid for acceptance for four (4) weeks from the said date for submission of tenders.
2

Selection of the winning tender will be based on tendered sale price. However, the Authority reserves the right to reject the highest or any tender.

PAYMENT OF THE SALE PRICE

The successful tenderer shall pay the tendered sale price and the Goods and Services Tax (GST) thereon by Cashier's Order as follows :-
(a)

25% (less the Tender Deposit) and the GST on 25% of the tendered sale price within twenty-eight (28) days of the Authority's acceptance of his tender;
(b)

75% and the GST thereon within ninety (90) days of acceptance of his tender.

DEVELOPER'S PACKETS

"Developer's Packet" containing the Conditions of Tender, Technical Conditions of Tender and other relevant documents and information for the tender for the Land Parcel is available at S$105.00 (inclusive of GST) from :-
Customer Service Counter,
1st Storey, The URA Centre
45 Maxwell Road, Singapore 069118

"Developer's Packet" 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$105.00 (excluding delivery charges) for local and overseas purchasers.

ENQUIRIES
Enquiries can be made as follows:
1 Ms Lim Hwee Hoon at (65) 6321 8008
or
Ms Priscillia Wong at (65) 6321 8351
2 Customer Service Hotline at :
1800-329 3326 (local calls)
(65) 6329 3326 (overseas calls)
3

Online enquiry : http://www.ura.gov.sg/sales/site_enquiry.jsp
4

Via the Enquiry Forms provided in the "Developer's Packet".

CONDITIONS

This tender brief is meant to highlight only some of the principal points of the tender and does not form part of the tender documents. All tenderers shall comply with the terms and requirements as stipulated in the "Conditions of Tender" and "Technical Conditions of Tender" contained in the "Developer's Packet".