Award of tender for residential site at Stirling Road

  Published: 23 May 2017

The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Stirling Road to Logan Property (Singapore) Company Pte Ltd and Nanshan Group Singapore Co. Pte. Ltd. The consortium submitted the highest bid in the tender for the site.

The residential site was launched for public tender on 20 April 2017. The tender for the site closed on 18 May 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)
Stirling Road Residential 21,109.5 m² 88,660 m² Logan Property (Singapore) Company Pte Ltd and Nanshan Group Singapore Co. Pte. Ltd.  $1,002,719,956.00
($11,309.72)

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