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Award of tender for Residential with 1st Storey Commercial Site at Perumal Road

  Published: 18 January 2017

The Urban Redevelopment Authority (URA) has awarded the tender for the residential with 1st storey commercial site at Perumal Road to Low Keng Huat (Singapore) Limited. The company submitted the highest bid in the tender for the site.

The site was launched for public tender on 29 November 2016. The tender for the site closed on 10 January 2017. 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 PERMISSIBLE GROSS FLOOR AREA (GFA) SUCCESSFUL TENDERER TENDERED PRICE
($PSM of GFA)

Perumal Road

Residential with 1st Storey commercial 3,847.8 m² 16,161 m²  Low Keng Huat (Singapore) Limited $174,080,000
($10,771.61)
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