The Urban Redevelopment Authority (URA) has launched the commercial site at Beach Road for sale by public tender today. It was available for sale on the Reserve List of the 1st Half 2017 Government Land Sales (GLS) Programme. The site is intended for a predominantly office development with complementary uses such as residential, hotel and/or serviced apartment.
On 21 June 2017, 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 bid at a price of not less than $1,138,000,000 in the tender for the site.
Details of the land parcel can be found in Annex 1 [PDF, 98kb] and the location plan is in Annex 2 [PDF, 236kb].
The tender for the land parcel will close at 12 noon on 28 September 2017. Any tender below the minimum bid price of $1,138,000,000 will not be considered.
More details on the land parcel are available on URA website at http://www.ura.gov.sg/uol/land-sales-repository/Sites/beach-rd-l.aspx
Developer's packets containing details and conditions of tender of the land parcel are available for sale at:
URA Land Sales Singapore City Gallery 2nd storey, The URA Centre 45 Maxwell Road Singapore 069118