The Urban Redevelopment Authority (URA) has awarded the tender for the commercial site at Paya Lebar Road/Sims Avenue to Roma Central Pte Ltd, Milano Central Pte Ltd and Verona Central Pte Ltd. The companies submitted the highest bid in the tender for the site.
Tender for the commercial site was launched on 28 October 2014 and closed on 31 March 2015. The land parcel was offered for sale on a 99-year lease term.
Details of the awarded land parcel and the successful tenderer are provided below:
Plot 1
20,694.7m2
Plot 2
18,536.0m2
Plot 3
3,288.1m2 *
Plot 4
1,957.9m2**
* Stratum of subterranean space ** Stratum of airspace