Award of tender for white site at Boon Lay Way

Published Date: 30 May 2011

The Urban Redevelopment Authority (URA) has awarded the tender for the White site at Boon Lay Way to JG Trustee Pte. Ltd. (in its capacity as trustee of Infinity Mall Trust) and JG2 Trustee Pte. Ltd. (in its capacity as trustee of Infinity Office Trust). The consortium submitted the highest bid in the tender for the site.

The tender for the White site was launched on 30 March 2011 and closed on 25 May 2011. The land parcel was offered for sale on a 99-year lease term. The details of the awarded land parcel and the successful tenderer are shown below:

LOCATION ALLOWABLE DEVELOPMENT SITE AREA MAXIMUM GROSS FLOOR AREA (GFA) SUCCESSFUL TENDERER TENDERED PRICE ($)
($ PSM of GFA)
Boon Lay Way White (Commercial / Hotel / Residential) 18,159.1 m2 88,980 m2 JG Trustee Pte. Ltd. (in its capacity as trustee of Infinity Mall Trust) and JG2 Trustee Pte. Ltd. (in its capacity as trustee of Infinity Office Trust) $968,999,999.00 ($10,890.09)