The Urban Redevelopment Authority (URA) has launched the residential site at Margaret Drive for sale by public tender today. It was available for sale on the Reserve List of the 2nd Half 2016 Government Land Sales Programme. On 3 November 2016, URA announced that it had received an application from a developer for the site to be put up for public tender. The developer committed to a bid price of not less than $185,758,000.00 in the tender for the site. Details on the land parcel can be found in Annex 1 [PDF, 7kb] and the location plan is in Annex 2 [PDF, 174kb].
The tender for the land parcel will close at 12 noon on 6 December 2016. Any tender below the minimum bid price of $185,758,000.00 will not be considered.
More details on the land parcel are available here on URA space.
Developer's packets containing details and conditions of tender of the land parcel are available for sale at:
URA Land Sales Customer Service Centre 1st storey, The URA Centre 45 Maxwell Road Singapore 069118