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Award of tender for residential site at Lorong Lew Lian

  Published: 11 November 2015

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Lorong Lew Lian to Verwood Holdings Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. The consortium submitted the highest bid in the tender for the site. 
 
The residential site was launched for public tender on 1 October 2015. The tender for the site closed on 5 November 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:

LOCATION ALLOWABLE DEVELOPMENT SITE AREA MAXIMUM GROSS FLOOR AREA  SUCCESSFUL TENDERER  TENDERED PRICE
($PSM of GFA) 
Lorong Lew Lian Residential  14,001.5 m2  42,005 m2  Verwood Holdings Pte. Ltd., Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.  $321,000,000
($7,641.95)
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