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Award of tender for residential sites at Cuscaden Road, Mattar Road and Silat Avenue

  Published: 17 May 2018

The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Cuscaden Road, Mattar Road and Silat Avenue to Amberden Pte Ltd, FEC Properties Pte Ltd and Orchard Square Pte. Ltd.; FSKH Development Pte Ltd; and UOL Venture Investments Pte. Ltd., UIC Homes Pte. Ltd. and Kheng Leong Company (Private) Limited respectively. The companies submitted the highest bids in the tenders for the 3 sites.

The site at Cuscaden Road was launched for public tender on 27 February 2018 while tenders for the Mattar Road and Silat Avenue sites were launched on 16 March 2018. The tenders for these sites closed on 26 April 2018. The land parcels were offered for sale on 99-year lease terms.

Details of the awarded land parcels and the successful tenderers are provided below:

LOCATION

ALLOWABLE DEVELOPMENT

SITE AREA

MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA)

SUCCESSFUL TENDERER

TENDERED PRICE

($PSM of GFA)

Cuscaden Road

Residential

5,722.5 m2

16,023 m2

Amberden Pte Ltd, FEC Properties Pte Ltd and Orchard Square Pte. Ltd.

$409,999,999.99

($25,588.22)

Mattar Road

Residential

6,230.2 m2

18,691 m2

FSKH Development Pte Ltd

$223,019,000.00

($11,931.89)

Silat Avenue

Part Residential / Part Residential with Commercial at 1st Storey

22,851.6 m2

84,551 m2

UOL Venture Investments Pte. Ltd., UIC Homes Pte. Ltd. and Kheng Leong Company (Private) Limited

$1,035,300,000.00

($12,244.68)


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