The Urban Redevelopment Authority (URA) has awarded the tender for the commercial site at Beach Road to GLL Prosper Pte. Ltd. and GLL Thrive Pte. Ltd. The consortium submitted the highest bid in the tender for the site.
The site was launched for public tender on 6 July 2017. The tender for the site closed on 28 September 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: