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Award of tender for commercial site at Beach Road

  Published: 03 October 2017

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:

LOCATION ALLOWABLE DEVELOPMENT SITE AREA MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) SUCCESSFUL TENDERER TENDERED PRICE
($PSM of GFA)
Beach Road Commercial Plot 1:
21,026.9 m² (Land Parcel)

Plot 2: 
1,175.0 m² (Stratum of  subterranean space)
88,313 m2 GLL Prosper Pte. Ltd. and  GLL Thrive Pte. Ltd. $1,622,000,000
($18,366.49)

 

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